Land lord is known as ____________ in Royalties
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Royalty is the consideration payable for the use of special right for both tangible and intangible assets. But rent is the consideration payable for the use of only tangible assets.
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Answer: LESSOR
Explanation: in this condition lessor is the owner of the particular thing who give their asset to another for use called lessee who pay an particular amount in each month or according to term as rent of that asset.
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