lessor

Definition

An owner of property who rents it to another party, called a tenant. also called landlord.

Use lessor in a sentence

I was glad to be a lessor and not a tenant because I could never make any of my payments on time as a tenant.

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Our company CEO would not have time to use his vacation property this year, so he agreed to become a lessor and allowed other people to rent it from him.

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The lessor had claimed that he was owed an extra one thousand dollars however the contract was clearly signed by both parties, which indicated otherwise.

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direct lease reversion