Meaning & use

leasor

noun·Advancedbusinesslegal

Last updated

UK/liːˈsɔː/
US/ˈliːsɔːr/

Meaning

  1. nouncountablebusinesslegal

    A person or company that leases something, especially the owner who rents out property or equipment.

    Grammar: Countable; often used in legal and business contexts.

    Patterns

    • the leasor of something
    • a leasor and a lessee

    The leasor must maintain the building according to the contract.

    In this agreement, the leasor is the company that owns the machines.

    The leasor and the lessee signed the lease yesterday.

Word forms

pluralleasors

Common combinations

the leasor and the lessee
The leasor and the lessee must both agree to any changes.
act as leasor
Our firm will act as leasor for the new office space.
the leasor's obligations
The leasor's obligations include repairs and insurance.

Synonyms and how they differ

lessor
The more common and standard spelling in legal English; 'leasor' is a variant.
landlord
Specifically for property; 'leasor' can also refer to equipment or vehicles.

Opposites

Word family

lease noun
A legal agreement to rent property or equipment.
lease verb
To rent out or take on rent.

Commonly confused: leasor or lessor? leasor or lessee?

leasor vs lessor

This is the standard spelling. 'Leasor' is a less common variant, but both mean the same.

leasor vs lessee

The lessee is the person who rents from the leasor; they are opposites.

Practice

In a lease agreement, the ______ is the party who owns the property and rents it out.

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