The party to a lease agreement who has legal and/or tax title to the motor vehicle, grants the lessee the right to use the motor vehicle for the lease term and is entitled to receive the rentals
The party to a lease agreement who has legal or tax title to the equipment, grants the lessee the right to use the equipment for the lease term, and is entitled to the rentals
The party to a lease agreement who has legal or tax title to the equipment (in the case of a true tax lease), grants the lessee the right to use the equipment for the lease term and is entitled to receive the rental payments
A lessor is a person who owns something such as a house or piece of land and leases it to someone else. someone who allows someone else to use their house, building, land etc for a period of time for payment lessee (lessour, from lesser; LEASE)