The owner of the assets is called the _ while the party that used the asset is known as the __.

Lessor, lessee

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Lessee, lessor

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Trader, lessee

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None of the above

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Solution

The correct option is A Lessor, lessee
In a lease agreement, the owner of the assets is 'lessor' and the party that uses the asset is known as 'lessee'. The lessee pays a fixed periodic amount known as the lease rent to the lessor for the use of the assets.

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The owner of the assets is called the _______ while the party that used the asset is known as the ________.

The correct option is A Lessor, lesseeIn a lease agreement, the owner of the assets is 'lessor' and the party that uses the asset is known as 'lessee'. The lessee pays a fixed periodic amount known as the lease rent to the lessor for the use of the assets.

The owner of the assets is called the _ while the party that used the asset is known as the __.

The correct option is A Lessor, lessee
In a lease agreement, the owner of the assets is 'lessor' and the party that uses the asset is known as 'lessee'. The lessee pays a fixed periodic amount known as the lease rent to the lessor for the use of the assets.