How to use lessor in a sentence

Looking for sentences and phrases with the word lessor? Here are some examples.

Sentence Examples Well, the issue was that the obligations of the lessee would not be overlooked because the lessee and the lessor were the same person. It leased trucks from a lessor in Manitoba and re-leased them to tourists in Alberta. Where there is an assignment by a lessor to a lessee the interest which the lessee takes is the interest which the lessor himself had. During these periods buildings often stay untenanted for a longer period as a wider choice becomes available to a lessor. What you are telling us is the relationship between the lessor and the lessee and mortgagee. The lessor can neither refuse the license to assign, nor assent to the assignment, for he has nothing more to do with it. For a very brief time, both the lessor and the lessee were one and the same person. The trustee sought a renewal for the children and the lessor refused to grant the lease to the children. In this case, an owner of a piece of equipment sells the equipment to a lessor, who then leases it back to its former owner, who is then the lessee. The repair firm contacts the unregistered nonresident lessor of the tank car and obtains authorization to repair the tank car. If the sublessee defaults under any of these agreements, the Corporation must compensate the lessor for the default. Throughout the term of the lease, the lessee pays the lessor the rental price, related charges and taxes on the land and buildings. Lease liabilities are effectively secured as the rights to the leased asset revert to the lessor in the event of default. Bank of China bought a Singaporean lessor just before the financial crisis and it is now in the world's top ten. Warranty, a promise or guarantee made by a seller or lessor about the characteristics or quality of property, goods, or services. Leases where the lessor retains a significant portion of the risks and rewards inherent to ownership are classified as operating leases. The lessor does not need to possess any expertise about the good in question. Depending on the agreement you make with the lessor, there are different aspects on which you can save time and money. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation. With respect to privately owned apartments a lease contract is concluded between the lessor and the tenant. Show More Sentences However, structures or buildings can normally be handed over to the lessor, without compensation, should it prove impossible to remove them. It is a good idea to arrange which repairs will be assured by the tenant and which repairs by the lessor. Never pay the rent guarantee directly to the lessor, but open a frozen account at the bank at which you deposit the sum of money. The lessor pays all applicable taxes at the time the equipment is originally purchased. With the consent of the lessor, accord to the plaintiff alone the rights and obligations deriving from the lease. In the hands of a lessor actor, she might have even seemed like an exposition machine. The lessor should be paid in full, or be allowed to distrain. When a lessee commits a breach of covenant on which the lessor has a right of re-entry, he may elect to avoid or not to avoid the lease, and he may do so by deed or by word. The car must come back to the lessor in its original condition or you pay to restore it. This means that a secured creditor of a lessor may obtain priority over a secured creditor of a lessee, even if the lessor's secured creditor registers second. Companies that want to deduct cancellation payments should not lease replacement property from the original lessor. This law shall not apply to a lease or a supply agreement for large aircraft equipment unless the lessor, the lessee and the supplier have otherwise agreed in writing. In either circumstance, the lessor will probably be open to discussing these options, since they have a familiar, ready and willing customer. Capitalized lease obligations primarily relate to the capital lease for marine services, which are provided by the lessor commencing in 2004 for a period of 10 years, extendable for an additional five years. Nothing in this Article shall entitle the lessee to negotiate a modification, termination or rescission of the supply agreement without the consent of the lessor. The lessor of a commercial space intended as a location for an automated teller machine must be licensed to operate automated teller machines if the lessor is responsible for keeping the machine supplied with cash. But neither lessor nor lessee is willing to invest. This means that the sublessee's insurance must be exhausted before any of the lessor or sublessor's insurance is required to contribute for a loss. It is also illegal for an owner, landlord, lessor, tenant, occupier or other person having control of a place to knowingly permit that place to be used as a common bawdyhouse. The ownership of the vehicle stays with the lessor during that period. Show More Sentences A special type of leasing contract allows the lessor to transfer to the lessee all risks and benefits associated with the possession of the asset. However, the lessee must first tell the lessor his or her intentions as well as the name and address of the sublessee or assignee and must obtain the lessor's consent. It is also stipulated that the lessee and sublessee are jointly liable to the lessor and that the duration of the sublease is limited to the duration of the main lease. If the lessor wants to operate his lease to make profit, he will provide assets on hire to others for use under an agreement. Under a leasing contract, a lessor conveys to a lessee the right to use a piece of property for an agreed period of time against payment or a series of payments. In the event of default by a tenant, delays or limitations in enforcing rights as lessor may be experienced and substantial costs in protecting the REIT's investment may be incurred. General Electric has offered to rope off its aircraft lessor from GE Capital, the financing company that is its immediate parent, and to keep it at arms length from Honeywell's products. There is likewise a risk of a dispute between the pre-existing secured creditor and the retention-of-title seller, purchase-money lender or financial lessor as to which financier has a priority right in which proceeds. Dublin-based commercial aircraft lessor Fly Leasing Ltd said it has upsized and amended its 2012 term loan. The leasing rentals paid to the lessor by the lessee, supported by a receipted invoice or an accounting document of equivalent probative value, constitute the expenditure eligible for co-financing. Examples from Classical Literature The latter was soon turned out, and thereupon brought an action upon the covenant against the executor of the lessor. Perhaps he is a decent sort of worm, but the lessor had better look out for him. Of course this may be forbidden, and often is by the lessor, without his consent. An estate at will is where land is let to another, to hold at the will of the lessor. By a lease of real property, the lessor grants but a portion of what he possesses. Owner or lessor of buildings for assemblage liable for gross misdemeanor. By the common law the lessor was not required to make repairs. Lessors report a receivable asset for amounts due from the lessee, not an asset for the leased property itself, even though the lessor retains legal ownership of the property. 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What is the opposite of lessor? Words that rhyme with lessor What is the plural of lessor? What is the noun for lessor? Translations for lessor Use our Sentence Generator Nearby Words lessons learned lessons lesson learned lessoned Lesson lesson lessors less than less than half less than ideal less-than-stellar less time-consuming 6-letter Words Starting With l le les less lesso