General Real Estate
Lessor
The person or authority that grants property rights under a lease.
Applies in:Noida, Greater Noida, YEIDA
Detailed Explanation
A lessor is the person, organization or authority that grants the right to use or occupy a property under a lease. In many authority-allotted properties, the relevant development authority acts as the lessor.
Related Terms
This definition is provided for general informational purposes only and is not legal, financial or tax advice. Property rules and authority policies can change — verify current requirements with the relevant authority or a qualified professional.