Lessor: Definition, Types, vs Landlord and Lessee
Leases have lessors, and liens have lienholders, also known as lenders or creditors. A lien is the legal right of a creditor to take possession of an asset to fulfill a debt or contractual obligation. A lienholder has a legal interest in an asset for which they provided the funding until the loan is paid …
Lessor: Definition, Types, vs Landlord and Lessee Read More »