Asked by Siavash Namdari on Jun 26, 2024
Verified
Provide a definition of a lessor.
Lessor
The group that provides a property or asset for lease to another group, identified as the lessee.
- Gain an understanding of the basic terminologies and positions entailed in a lease agreement.
Verified Answer
HV
Harsha vardhan vummidiJul 01, 2024
Final Answer :
The owner of an asset in a leasing agreement. Lessor receives payments from the lessee.
Learning Objectives
- Gain an understanding of the basic terminologies and positions entailed in a lease agreement.