A lessor is a person who owns property and leases it to another person. The lessee is the person who pays the lessor for the use of the property. What is the most common lease term for an apartment? The most common lease term for an apartment is one year.
What are the 3 main types of lease?
The three main types of leases are gross leases, net leases, and triple net leases.
Gross leases are the simplest type of lease, in which the tenant pays a single, all-inclusive amount for rent and the landlord covers all property expenses.
Net leases are more common, and require the tenant to pay not only rent, but also a portion of the property taxes, insurance, and maintenance costs.
Triple net leases are the most common type of commercial lease, and require the tenant to pay all property expenses, including taxes, insurance, and maintenance. What is opposite of lessee? The opposite of a lessee is a lessor. A lessor is the owner of a property who leases it to a tenant. Is leaser a word? There is no such word as "leaser."
What is the difference between rent and lease?
A lease is a contract between a landlord and tenant that gives the tenant the right to live in a property for a set period of time, typically for one year. A rental agreement is a shorter, more flexible contract that can be renewed on a monthly or weekly basis.