lessor
.ഇതിലൊന്നും
definition
noun
If the covenant has the meaning suggested by the lessees, the lessors are liable for breach of the implied covenant.
a person who leases or lets a property to another; a landlord.
example
The trustee sought a renewal for the children and the 'lessor' refused to grant the lease to the children.
There had been a stipulation in the lease that the buildings were not to be altered without the 'lessor' 's consent, which was never asked for.
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.
It leased trucks from a 'lessor' in Manitoba and re-leased them to tourists in Alberta.
It is not simply the transfer of title to a piece of property: it is also a contract in itself under which both the 'lessor' and the lessee accept rights and obligations.
That rationale is not inconsistent with allowing a lessor to recover for reduced rent suffered by the 'lessor' as a result of the liability of the land to be affected by nuisance.
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.
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.
In addition the scheme provided for relief for owner-occupier or 'lessors' of residential property.
If the covenant has the meaning suggested by the lessees, the 'lessors' are liable for breach of the implied covenant.
Both owners and 'lessors' of properties will qualify for the incentive.
Credits: Google Translate
