Definition

A person or entity that is involved in providing a lease or rental agreement, typically sharing responsibilities with another party.

Example

The colessor agreed to the terms of the lease with the tenant.

Conversation

Have you ever worked with a colessor on a lease agreement?

Not really, but I’ve heard they can help make things smoother.

Yeah, they coordinate everything between the landlord and tenant.

That sounds useful! It must save a lot of time.

Synonyms & Antonyms

Root Explanation

This word originates from Latin 'colligere' (meaning to gather together) and the suffix '-or' (meaning one who). A 'colessor' refers to one who gathers or collects.

Memory Tip

Think of someone who 'gathers together' ('colligere') things — that's what a colessor does.

Visually Confused Words