IPA: /ˈlɛsər/
KK: /ˈlɛsər/
A person or company that rents out property to someone else under a lease agreement.
The lessor agreed to the terms of the lease with the tenant.
**Lessor** → It originates from the Old French *lessor*, meaning one who leases or lets property. The term refers to a person who grants a lease of property to another.
Think of someone who 'lets' or 'leases' property to another person — that's what a lessor does.