Lessor definition: Copy, customize, and use instantly
Introduction
The term "Lessor" refers to a party that grants the right to use an asset, typically real estate or equipment, to another party, known as the lessee, under a lease agreement. The lessor retains ownership of the asset while allowing the lessee to use it for a specified period in exchange for agreed-upon payments.
Below are various examples of how "Lessor" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Lessor" in a real estate lease agreement
This definition ties "Lessor" to property leasing.
"Lessor" means the party that owns real property and leases it to a lessee in exchange for rental payments, as detailed in the lease agreement.
Definition of "Lessor" in an equipment lease contract
This definition connects "Lessor" to leased equipment.
"Lessor" refers to the entity that owns equipment and grants the lessee the right to use it for a specified period, subject to agreed-upon terms.
Definition of "Lessor" as a financial lessor
This definition links "Lessor" to financing arrangements.
"Lessor" means any entity that provides financing for an asset under a lease agreement, retaining ownership while allowing the lessee to use it.
Definition of "Lessor" in a lease-to-own arrangement
This definition applies "Lessor" to lease-to-own contracts.
"Lessor" refers to the party that retains ownership of the asset while allowing the lessee to make installment payments toward eventual ownership.
Definition of "Lessor" in a triple net lease
This definition ties "Lessor" to triple net leasing.
"Lessor" means the owner of real estate who leases it to a lessee, requiring the lessee to pay taxes, insurance, and maintenance costs.
Definition of "Lessor" in a sublease scenario
This definition connects "Lessor" to subleasing situations.
"Lessor" refers to the original property owner in a sublease arrangement, who leases the property to a lessee that later subleases it to another party.
Definition of "Lessor" in a commercial lease agreement
This definition links "Lessor" to commercial properties.
"Lessor" means the legal owner of commercial property who grants lease rights to a lessee in exchange for periodic rental payments.
Definition of "Lessor" in a vehicle lease agreement
This definition applies "Lessor" to vehicle leasing.
"Lessor" refers to the entity that owns a vehicle and leases it to the lessee for a fixed term under specified conditions.
Definition of "Lessor" in a leasing corporation context
This definition ties "Lessor" to corporate leasing.
"Lessor" means a corporation that provides leasing services by offering assets for rent to businesses or individuals.
Definition of "Lessor" in a master lease agreement
This definition connects "Lessor" to master lease agreements.
"Lessor" refers to the party that leases multiple assets under a single master lease agreement with a lessee.
Definition of "Lessor" in a ground lease agreement
This definition links "Lessor" to ground leasing.
"Lessor" means the landowner who grants a leasehold interest to a lessee for the purpose of developing or using the land.
Definition of "Lessor" in a capital lease
This definition applies "Lessor" to capital leasing.
"Lessor" refers to the entity that finances the lease of an asset, transferring most ownership risks and benefits to the lessee.
Definition of "Lessor" in a residential lease
This definition ties "Lessor" to residential rental agreements.
"Lessor" means the landlord or property owner who leases residential real estate to a tenant under agreed terms.
Definition of "Lessor" in a leveraged lease
This definition connects "Lessor" to leveraged financing.
"Lessor" refers to an entity that finances a leased asset using external funding while retaining ownership and leasing it to a lessee.
Definition of "Lessor" in a rental property management agreement
This definition links "Lessor" to property management contracts.
"Lessor" means the property owner who retains the right to receive rent payments while delegating management responsibilities to a third party.
Definition of "Lessor" in a leasehold improvement agreement
This definition applies "Lessor" to leasehold improvements.
"Lessor" refers to the owner of leased property who may approve or fund improvements made by the lessee during the lease term.
Definition of "Lessor" in an operating lease
This definition ties "Lessor" to operating leases.
"Lessor" means the party that owns an asset and leases it to a lessee without transferring ownership benefits.
Definition of "Lessor" in an aircraft leasing contract
This definition connects "Lessor" to aviation leasing.
"Lessor" refers to the entity that owns an aircraft and leases it to an airline or operator for commercial use.
Definition of "Lessor" in a retail lease agreement
This definition links "Lessor" to retail space leasing.
"Lessor" means the landlord who provides retail space for lease to a tenant operating a business.
Definition of "Lessor" in an industrial lease
This definition applies "Lessor" to industrial property leasing.
"Lessor" refers to the owner of industrial facilities who leases the premises to businesses for manufacturing, storage, or distribution purposes.
Definition of "Lessor" in a public-private partnership lease
This definition ties "Lessor" to government contracts.
"Lessor" means a government entity that leases public infrastructure or assets to private entities for commercial use.
Definition of "Lessor" in an oil and gas lease agreement
This definition connects "Lessor" to oil and gas property rights.
"Lessor" refers to the owner of mineral rights who grants extraction rights to an oil and gas company in exchange for royalties.
Definition of "Lessor" in a hotel lease agreement
This definition links "Lessor" to hospitality leasing.
"Lessor" means the owner of a hotel property who leases it to an operator for management and business use.
Definition of "Lessor" in a transportation lease
This definition applies "Lessor" to transportation equipment leasing.
"Lessor" refers to the owner of commercial transportation assets, such as trucks or ships, who leases them to logistics companies.
Definition of "Lessor" in a build-to-suit lease
This definition ties "Lessor" to customized leasing.
"Lessor" means the property owner who constructs a facility to meet a lessee’s specifications before leasing it.
Definition of "Lessor" in a digital asset leasing contract
This definition connects "Lessor" to digital asset leasing.
"Lessor" refers to the entity that leases digital assets, such as intellectual property or software, to a lessee under a usage agreement.
Definition of "Lessor" in a timeshare lease agreement
This definition applies "Lessor" to timeshare properties.
"Lessor" means the owner or managing entity of a timeshare property that grants usage rights to lessees for designated periods.
Definition of "Lessor" in a data center lease agreement
This definition ties "Lessor" to data center leasing.
"Lessor" refers to the entity that owns and leases data center facilities, including server space and network infrastructure, to lessees.
Definition of "Lessor" in a telecommunications lease
This definition connects "Lessor" to telecom infrastructure.
"Lessor" means the owner of telecommunications towers or infrastructure who leases access rights to service providers.
Definition of "Lessor" in a fleet leasing agreement
This definition links "Lessor" to fleet vehicle leasing.
"Lessor" refers to the entity that owns a fleet of vehicles and leases them to businesses or individuals under contractual terms.
Definition of "Lessor" in an agricultural lease
This definition applies "Lessor" to farmland leasing.
"Lessor" means the owner of agricultural land who leases it to a tenant farmer for cultivation or livestock purposes.
Definition of "Lessor" in an event space rental agreement
This definition ties "Lessor" to event venue leasing.
"Lessor" refers to the owner of an event venue who leases the space to lessees for temporary use, such as conferences or weddings.
Definition of "Lessor" in a railroad lease agreement
This definition connects "Lessor" to railway leasing.
"Lessor" means the entity that owns railroad assets, such as tracks or locomotives, and leases them to transport operators.
Definition of "Lessor" in a co-working space lease agreement
This definition links "Lessor" to shared office leasing.
"Lessor" refers to the entity that owns and leases co-working spaces to multiple lessees for business operations.
Definition of "Lessor" in a corporate jet lease agreement
This definition applies "Lessor" to private aviation leasing.
"Lessor" means the entity that owns and leases private jets to corporations or individuals for business or personal travel.
Definition of "Lessor" in a museum exhibit lease agreement
This definition ties "Lessor" to cultural asset leasing.
"Lessor" refers to the institution or owner that leases artifacts, artwork, or exhibits to museums or galleries for display.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.