These regulations cover things like disposal of hazardous materials, required personal safety equipment such as safety goggles, permitted noise levels and fall protection. OSHA inspects workplaces to ensure theyâre following all regulations to reduce chances of accident or injury.
Lessor is a participant of the leasing contract, who takes possession of the property and provides it as a leasing subject to the lessee for temporary possession. Commercial banks, credit non-bank organizations, leasing companies often act as a lessor.
What is the Meaning of Lessor & Lessee? A lease is a binding legal contract, so you need to know what youâre signing. If youâre the person or business that is contracting to rent property, youâre the lessee, while your landlord is the lessor. You'll both have certain obligations and responsibilities.