What is the difference between lessor and landlord

Note that any infringement that may be caused by such an agreement will be between the landlord and the lessor, because the real property of the landlord is absolute, while the lease agreement is exclusively between its parties. Murder vs Homicide. Attorney-Lawyer Difference. Newer Post Older Post Home. Case Law Search Loading. Lessor comes from the same French verb as lessee.

Its first known use in English was in the 14th century. Today, lessee and lessor are common in legal documents, like rental agreements or vehicle lease terms, but are not widely used in everyday speech. English speakers would be more likely to use tenant or renter instead of lessee , and landlord or owner instead of lessor.

Remembering lessor vs. Lessor and owner both contain the letter O , so it should not be much trouble to remember that a lessor is the owner of a property.

Lessors and lessees enter into a binding contract, known as the lease agreement, that spells out the terms of their arrangement. While any sort of property can be leased, the practice is most commonly associated with residential or commercial real estate—a home or office. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.

We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Related Terms Lease Definition A lease is a legal document outlining the terms under which one party agrees to rent property from another party. Landlord Definition A landlord is a person or entity who owns real estate for rent or lease to a tenant.

Learn how landlords make money and what they can and cannot do. What Is a Leasehold? A leasehold refers to an asset or property that a lessee contracts to rent from a lessor in exchange for scheduled payments over an agreed-upon time.

Licensee Definition A licensee is a business, entity, or individual that has legal permission to conduct activities using something that another party owns or controls. Lease Rate The lease rate is the amount of money paid over a specified time period for the rental of an asset, such as real property or an automobile. Lease Extension A lease extension refers to a legal agreement extending the term of an existing lease or rental agreement. Partner Links. Related Articles. Landlord noun a man in legal use also a woman who rents out land, a building, or accommodation.

Landlord noun a man who keeps lodgings, a boarding house, or a pub. Landlord A landlord is the owner of a house, apartment, condominium, land, or real estate which is rented or leased to an individual or business, who is called a tenant also a lessee or renter.

Landlord Illustrations. Popular Comparisons. Adress vs. Comming vs. Label vs. Genius vs. Speech vs. Chief vs. Teat vs. Neice vs. Buisness vs. Beeing vs. Amature vs. Lieing vs. Preferred vs.