Vocabulary Entry

lessor

|noun • verb

noun

A person or entity that leases or rents property to another.

Example Sentences

"The lessor agreed to the terms of the rental contract."

"Many lessors require a security deposit before signing the lease."

"It is important for a lessor to conduct background checks on potential tenants."

verb

Example Sentences

"The company plans to lessor the office space to a startup."

"He will lessor his apartment for the summer while he travels."

"They decided to lessor the equipment to save on costs."