Lessor and Lessee
Gridlync land and infrastructure glossary.
The lessor is the party that owns the property and grants the lease; the lessee is the party that receives the right to use it. In land agreements, the lessor is typically the landowner and the lessee is the operator or developer. The lessor retains ownership and receives rent, while the lessee gains a possessory right to use the land for the term, along with the obligations the lease imposes. In infrastructure deals one lessee often pays hundreds of separate lessors along a project footprint.
Operators are usually the lessee paying many lessors. Gridlync manages every lessor relationship, payment, and obligation across the portfolio.
Example
Across its 50-turbine wind project, Westwind Power is the lessee under leases with 38 separate lessors, including the Ramirez family who, as lessor of 600 acres, receive annual rent while keeping title to their ranch.