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A lessor is the owner of an asset that is leased, or rented, to another party, known as the lessee.While any sort of property can be leased, the practice is most commonly associated with residential or commercial real estatea home or office.

An NNN lease is very common in commercial real estate.NNN stands for net, net, net. It means that the tenant pays most of the expenses. They pay the rent fees plus property taxes, property insurance, and CAM, or common area maintenance.

As nouns the difference between lessor and landlord is that lessor is the owner of property that is leased while landlord is a person who owns and rents land such as a house, apartment, or condo.

A lease agreement is an arrangement, made between two parties, that allows one of those parties to use an asset belonging to the owner. Typically, lease agreements are used for rental properties, but they are also used for rentals of vehicles, household appliances, construction equipment, and other items.

An agreement, usually written, between the lessor and the lessee, which allows for the conveyance of property to the tenant under a contract, and confers usage and control rights to the tenant for the duration of lease.

A triple net lease (triple-net or NNN) is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.

A lease in which a bank or other financial institution provides the lessor (the party granting the lease and retaining title to the lease good) with credit, which the lessor then uses to finance the lease. For example, suppose a car dealer (lessor) extends a lease to someone buying a car (lessee).

There are different types of leases, but the most common types are absolute net lease, triple net lease, modified gross lease, and full-service lease. Tenants and proprietors need to understand them fully before signing a lease agreement.

NNN leases are considered to be one of the most secure investment opportunities. This is because, similar to bonds, single-tenant net-leased properties provide steady and predictable returns over time.

The three most common types of leases are gross leases, net leases, and modified gross leases....3 Types of Leases Business Owners Should UnderstandThe Gross Lease. The gross lease tends to favor the tenant.The Net Lease. The net lease, however, tends to favor the landlord.The Modified Gross Lease.