Meaning & use

lessor

noun·Academic

Last updated

A person or company that leases or rents out property to another party.

See it in a sentence

Under the agreement, the lessor is responsible for major repairs to the building.

The lessor increased the rent when the lease came up for renewal.

A note on using this word

Easily confused with "lessee" (the person renting the property) — the lessor owns and rents out, the lessee pays and occupies.

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