Legal Definitions - lessor

The lessor is the owner of a property who allows another person, called the lessee, to use the property for a certain period of time through a lease agreement. If the property is a building or land, the lessor is also known as a landlord.

• John owns an apartment building and leases one of the units to Sarah. John is the lessor and Sarah is the lessee.
• ABC Company owns a warehouse and leases it to XYZ Corporation for their storage needs. ABC Company is the lessor and XYZ Corporation is the lessee.

These examples illustrate the concept of a lessor and lessee relationship. In both cases, the owner of the property (John and ABC Company) allows another party (Sarah and XYZ Corporation) to use the property for a certain period of time in exchange for payment (rent). The lessor retains ownership of the property but gives the lessee the right to use it for a specific purpose and time period.