18:51
medicine is a scam
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
headlessor
Read a random definition: Bureau of Indian Affairs
A quick definition of headlessor:
Term: HEADLESSOR
Definition: A headlessor is someone who owns a property that has been rented out to someone else, who then rents it out to another person. It's like a game of telephone, but with property instead of words.
A more thorough explanation:
Definition: A headlessor is a lessor who has leased a property to a tenant who has then subleased the property to another tenant.
Example: John owns a commercial property and leases it to a tenant, Sarah. Sarah then subleases the property to a restaurant owner, Tom. John is the headlessor in this situation.
Explanation: The term "headlessor" is used to describe a lessor who is not the direct lessor to the subtenant. In the example given, John is the original lessor of the property, but he is not the direct lessor to Tom, the restaurant owner. Instead, Sarah is the direct lessor to Tom, and John is the headlessor.