Who owns the leased asset?

In leasing, there are two types of parties: the lessor and the lessee. The lessor is the organization that owns the leased asset and provides it for lease to the lessee. The lessee is a legal entity that uses the leased asset for a specified period and makes lease payments for it.

Therefore, the owner of the leased asset is the lessor. The lessee has the right to use the leased asset for a limited period, but does not have ownership rights to it.