lessor

SMART Vocabulary: related words and phrases

Renting property
absentee landlord
BTL
co-tenant
fiefdom
flatshare
freehold
key money
lease
leasehold
leaseholder
lessor
letting
lodge
rent strike
rental
renter
sitting tenant
subtenant
tenancy
untenanted

You can also find related words, phrases, and synonyms in the topics:

Renting & hiring
Mortgages & real estate

lessee | Business English

lessee
noun[ C ]
 LAW, PROPERTYuk /lesˈiː/us
a person or organization that makes regular payments in order to use something that another person or organization owns:
After three years, the lessees may sell their lease.

Examples of lessee

lessee
Normally the right had originally been sold by the owner to the lessee when the land could not be sold freely due to entailment.
We use the concept of opportunity cost to compute the penalty to be imposed by the lessor on the lessee if land degradation is observed.
Specifically, we suggest that lessees are able to exert greater political pressure to receive lower rents when managers have more land to manage.
This early use generally denotes the recipient of a legal right: a grantee receives a grant, a lessee a lease.
In the event, land is leased out rather than sold, the lessor has full knowledge on the degradation activities of the lessee.
The final assumption adopted in this simulation is that lessors have full knowledge over land degradation activities of the lessees.
Upon receiving reports that the lessee had compromised safety standards, he insists on inspecting the pit himself.
However, the uncertainty of a long-term commitment may be a marginal deterrent, given that lessees may sublet the property.
This matching process was possible because the description of the piece of land in the lessor's declaration usually includes the name of the lessee.
A son, daughter, border or other inmate may be the owner or lessee of property as well as the head in the family.
Assignee is recorded in 1467, grantee 1491, lessee 1495, feoffee 1542.
Second, a lack of information on the true value of land on the part of the lessors could provide the lessees' with bargaining power.
Pothier's treatise provides a detailed description of the sort of carting services for which the lessee was responsible.
Sharecropping contracts (parceria) and colonia contracts were different from emphyteusis because they did not involve the sale of useful ownership from the owner to the lessee.
Pothier clearly establishes the rights that lessees held by virtue of their contracts.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.