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Based on the scripture who is the ultimate owner of the land or leased asset? What consequences might the lessee face i...

  1. Based on the scripture who is the ultimate owner of the land or leased asset?
  2. What consequences might the lessee face if they do not report use of the asset accurately?

“The land must not be sold permanently, because the land is mine and you reside in my land as foreigners and strangers.”

Leviticus 25:23 (New International Version)

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Answer #1

As per scripture,

It can be concluded that when a asset is given to someone on lease, then it doesn't transfer title (i.e. ownership) of land to whom asset is given on lease. Therefore Lessor is permanent owner of Land.

If lessee don't report use of the asset accurately. Then Lessor can send him a notice first. Afterwards Lessor can cancel lease agreement.

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