who is called a lessor?
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ԹՌՏաᴇՐ:
ᴀ ʟᴇssᴏʀ, ɪɴ ɪᴛs sɪᴍᴘʟᴇsᴛ ᴇxᴘʀᴇssɪᴏɴ, ɪs sᴏᴍᴇᴏɴᴇ ᴡʜᴏ ɢʀᴀɴᴛs ᴀ ʟᴇᴀsᴇ ᴛᴏ sᴏᴍᴇᴏɴᴇ ᴇʟsᴇ. ᴀs sᴜᴄʜ, ᴀ ʟᴇssᴏʀ ɪs ᴛʜᴇ ᴏᴡɴᴇʀ ᴏғ ᴀɴ ᴀssᴇᴛ ᴛʜᴀᴛ ɪs ʟᴇᴀsᴇᴅ ᴜɴᴅᴇʀ ᴀɴ ᴀɢʀᴇᴇᴍᴇɴᴛ ᴛᴏ ᴀ ʟᴇssᴇᴇ. ᴛʜᴇ ʟᴇssᴇᴇ ᴍᴀᴋᴇs ᴀ ᴏɴᴇ-ᴛɪᴍᴇ ᴘᴀʏᴍᴇɴᴛ ᴏʀ ᴀ sᴇʀɪᴇs ᴏғ ᴘᴇʀɪᴏᴅɪᴄ ᴘᴀʏᴍᴇɴᴛs ᴛᴏ ᴛʜᴇ ʟᴇssᴏʀ ɪɴ ʀᴇᴛᴜʀɴ ғᴏʀ ᴛʜᴇ ᴜsᴇ ᴏғ ᴛʜᴇ ᴀssᴇᴛ.
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Answer:
The lessor is the legal owner of the asset or property, and he gives the lessee the right to use or occupy the asset or property for a specific period
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