co-lessor in a sentence
n.
📚 Grade Level: Grade 10, Grade 11, Grade 12
Definition
Co-lessor: a party who shares the leasing rights and responsibilities with another lessor in a rental agreement.
Sample Sentences
- The co-lessor agreed to share the rental income with the primary lessor.
- In the lease agreement, the responsibilities of the co-lessor were clearly outlined.
- As a co-lessor, she had a say in any changes made to the property.
- The co-lessor's signature was required for any modifications to the lease terms.
- Both lessors worked together to ensure the property was well-maintained and profitable.