In a lease arrangement, the owner of the property is called the ____.
A) lessee
B) lessor
C) equity trustee
D) lender

Question

Quizplus · Accepted Answer

The lessor is the owner of the property in a lease arrangement. The lessee is the person or entity who is renting or leasing the property from the lessor. The equity trustee is not typically involved in a lease arrangement, and a lender may be involved in providing financing for the purchase of the property, but is not necessarily the owner of the property in a lease arrangement.

In a Lease Arrangement, the Owner of the Property Is