What is the difference betweenlessorandlessee? The nounslessorandlesseerepresent two principal parties of a legally binding contract called a “lease agreement.” Alessorowns something of value, while thelessee
A certain periodical profit, whether in money, provisions, chattels, or labor, issuing out of lands and tenements in payment for the use; commonly, a certain pecuniary sum agreed upon between a tenant and his landlord, paid at fixed intervals by the lessee to the lessor, for the use of ...