ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A landlord is someone who owns property that is rented out to tenants, while an owner is someone who has full legal and physical possession of an object, piece of property, piece of land, or piece of intellectual property. In the context of real estate, a landlord is an owner who offers their space for rent.

Detailed explanation-2: -homeowner. noun. someone who owns their house or flat.

Detailed explanation-3: -landlord noun [C] (OWNER) a person or organization that owns a building or an area of land and is paid by other people for the use of it: The landlord had promised to redecorate the bedrooms before we moved in. Housing associations are the biggest landlords in this area.

Detailed explanation-4: -A lessor can be either an individual or a legal entity, like a business or organization. The lessor is always the owner of the asset. For example, if a car is the asset in question, the lessor would be the property owner or auto dealer leasing out the car. The lessee is always the one using the asset temporarily.