Meaning of Lessor


Lessor is the one who gives or offers something for lease. The verb lease, on the other hand, refers to granting or acquiring the temporary use of a thing from a payment.

For example: “Tomorrow I have to call the landlord to ask when we can take possession of the property, ” “The landlord promised to give us a discount if the drought continues, ” “When the landlord approached the property to claim rent, it was shot by the occupants of the house. ”

The lessor is the one who, through a lease, is obliged to transfer the use and temporary enjoyment of a thing (real estate or furniture) to the lessee. The lessee’s obligation, in turn, is to pay a certain price for said use and enjoyment to the lessor.

Typically, the landlord requires a periodic payment, which can be known as rent or rent. Another possibility is that you collect the money required for the lease in a single payment, or there is even the option that the payment be made without money, with things of equivalent price.

Suppose a person has a car that they do not use frequently and that they decide to rent it to their neighbor. The lessor, therefore, signs a contract with the lessee where it stipulates that it will allow the temporary use of the car in exchange for 500 pesos a month. The lessee, therefore, must meet with the lessor every month to deliver the corresponding money and be able to continue using the vehicle according to the conditions established in the contract.

Given the lack of information that people outside the legal field usually have regarding the characteristics of a property lease, there is often great confusion about the obligations and rights of each party, in this case, the landlord and tenant. This can lead to unnecessary damages, generally for the latter, since it can compel him to bear an expense that does not correspond to him according to legal terms.

The first of the points to take into account is the conservation of the property; It is important to note that any work necessary for the maintenance of its structure, so that it continues in a habitable state, must be borne by the lessor, and this does not entitle him to increase the rental price. On the other hand, the law obliges the lessee to allow said arrangements to be made before the end of the contract if the need so dictates, as well as to request them as soon as it detects the relevant faults or flaws.

In cases where a repair requires the tenant to leave the home for twenty days or more, the rent must be reduced proportionally, to compensate for extraordinary expenses. This does not mean, on the other hand, that it is not possible to reach an agreement that exempts the lessor from said bonus if the tenant does not consider it necessary.

The minor repairs that needed to become the inevitable wear hauling normal use must be paid by the tenant. Regarding the works that may modify the property, both in its appearance and in the arrangement of its space, it cannot be carried out by the lessee without prior consent from the lessor in writing.

If the lessee breaches said obligation and decides to carry out changes in the property without the consent of the lessor, the latter may terminate the contract and, optionally, require the first to take charge of restoring the property to its previous state. If the tenant has a disability and needs to adapt the property to his possibilities, the landlord cannot refuse to give his approval although the first one is obliged to make a formal request and wait for a response before starting the works.