lessor

Related Terms
Owner or the title holder of the leased asset or property. The lessor is also the lender and secured party in case of capital leases and operating leases. In case of leveraged leases, however, a third party (the lender) and not the lessor holds the title.

Use 'lessor' in a Sentence

Before we rent the apartment, we must check with the lessor to see the current rent price per month and everything else.
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The lessor agreed to let the lessee engage in the activity that was requested to occur on the commercial land.
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If you are going to rent out an office space try to find a lessor who you can trust to treat you properly and fairly.
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