Lessors

A lessor is an individual or entity that owns an asset, such as property or equipment, and allows another party, called the lessee, to use it in exchange for periodic payments called rent or lease payments. The lessor retains ownership of the asset during the lease term, and the lessee has the right to use it according to agreed terms. Lessors can include real estate landlords, car rental companies, and equipment leasing firms. Their role is to provide temporary use of assets while maintaining ownership rights, often involving contractual agreements that specify the use, duration, and conditions of lease.