Charlene is starting a birthday party catering business and leases a popcorn machine and a frozen drink maker from E-Z Rental. Then Mrs. Smith pays Charlene for Charlene's catering services at her son's birthday party. Who is the lessor?
The lessor is E-Z Rental. A lessor is an individual or company who leases a property, an equipment, material or machine to another who is the lessee. A landlord is a lessor while a tenant is a lessee.
