ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -someone who pays rent to use land or property and has signed a lease (=a legal agreement) with the owner. The owner is called the lessor.

Detailed explanation-2: -a person who owns a building or an area of land and is paid by other people for the use of it: Heather’s landlord actually lowered her rent when she said she might move out.

Detailed explanation-3: -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.

Detailed explanation-4: -You may hear lease option contracts called by a variety of other names, but they all mean essentially the same thing: rent-to-own agreements, rent options, lease-to-buy options, rent-to-buy options, lease with option to buy or lease with option to purchase.

Detailed explanation-5: -property owner. proprietor. freeholder. hotelier. hotelkeeper. innkeeper. lessor. saw. More items