Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Lessor
One who conveys real or personal property by lease; LANDLORD.
Sublessor
A lessee who leases some or all of the leased property to a third party. - Also termed (esp. in England) underlessor.
Underlessor
See SUBLESSOR.
headlessor.
A lessor on a lease of property that has been subleased.
lessor of the plaintiff
Hist. The true party in interest prosecuting an action for ejectment. ( At common law, an ejectment action theoretically was only for the recovery of the unexpired term of the lease. Conventions of pleadings at the time required the true plaintiff to grant a fictitious lease, thereby becoming a lessor, to an equally fictitious plaintiff in whose name the action would be prosecuted.
lessor's interest
The present value of the future income under a lease, plus the present value of the property after the lease expires. Cf. LESSEE'S INTEREST.