Lessor

Pronunciation: /ˈlɛsər/

Lessor (noun)

  1. A person or company that owns property and lets someone else use it for rent under an agreement.
  2. A company that provides equipment or vehicles for use, usually for a fee, under a contract.

Examples

  • The lessor collects rent from the tenant every month.
  • The tenant pays on time because the lessor manages the building.