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leaser

 

Definitions from the Web

Term: Leaser

Description:

A leaser is a person or entity that lends or grants the temporary use of a property, asset, or item to another party in exchange for payment. The leaser retains ownership and control over the property, while the other party, known as the lessee, has the right to utilize it for a specific period of time.

In a business context, a leaser can refer to a company or individual that leases out equipment, vehicles, or real estate to other businesses or individuals. This arrangement allows the lessee to access necessary resources without the upfront cost of purchasing them.

Sample Sentences:

  1. The leaser of the apartment required a security deposit before handing over the keys.
  2. As a car leaser, he had to ensure that the vehicles were properly maintained and insured.
  3. The company acted as a leaser for various construction equipment, providing rentals to contractors.

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