Encyclopedia

Lessor


The right to lease property belongs to its owner. Lessors may also be persons authorized by law or by the owner to lease property

Source: "Civil Code of the Russian Federation (Part Two)" dated 26.01.1996 № 14-ФЗ (edition of November 30, 2011) (with amendments and additions coming into force on January 1, 2012)

- lessor - a party to the lease agreement (lease of property), providing the lessee (tenant) with property for payment in temporary possession and use or in temporary use. According to Article 608 of the Civil Code of Russia, the right to lease property belongs to its owner;

Source: Order of OAO "RZD" dated July 2, 2009 No. 1399r "On Approving the Methodology for Calculating Rates for Providing Locomotives of OAO 'RZD' to Third-Party Organizations"

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