who is the lessee and the lessor
A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased. Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee. The lessor is the legal owner of the asset; the lessee obtains the right to use the asset in return for regular rental payments.
Let's Compare Lessee and Lessor. 1  LESSEE VS.  Lessee. A lease is a contractual arrangement calling for the (user) to pay the lessor (owner) for use of an asset. Lessee \Les*see\ (l[e^]s*s[=e]), n. [F. laiss['e], p. p. of laisser. See {Lease}, v. t.] (Law) The person to whom a lease is given, or who takes an estate by lease. --Blackstone.