Definition : Lessor

A co-owner who rents, under the terms and conditions of a lease contract, a private portion (for example, an apartment or a parking space) and other rights of use attached thereto (for example, the swimming pool or the parking) in exchange for the payment of an amount of money, the rent.

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Even though a co-owner is at home in his apartment, its use should be in accordance with the prescriptions of the declaration of co-ownership. This document may contain provisions prohibiting any activities other than residential ones in the immovable. To ensure the welfare of its residents, it may be necessary for the syndicate to impose sanctions to co-owners or tenants who disregard the by-laws of the immovable. It may even, on occasion, petition the court to assert the rights of all co-owners.
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