Definition : Lessor

A co-owner who leases, under a lease agreement, his or her private portion (e.g., an apartment or parking space) and other usage rights associated with it (e.g., swimming pool or parking lot) in exchange for the payment of a sum of money, rent. The latter must, within 15 days, notify the syndicate of co-owners. The notice shall indicate the name of the lessee, the term of the lease and the date on which he gave the lessee a copy of the by-laws of the immovable.

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