<--Back to Wiki Home
Define Lessor in Real Estate
Lessor:
A lessor is a person or entity who owns a property and is renting or leasing it to another party. It's a legal term that describes the person who is the landlord or property owner.
Example:
For example, if you are renting an apartment, your lessor is the person or company that owns the apartment and is renting it to you.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
A lessor is a landlord, you see,
Who owns a property and rents it out to thee.
They set the rules and collect the rent,
Making sure everything is properly sent.
If you're renting a house or a flat,
Your lessor is the one who's where it's at.
They own the property and give you the key,
To use and enjoy it, it's plain to see.