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: one that transfers property (such as a house or a car) by a contract
Examples of lessor in a Sentence
lessors are free to charge as much as they want for a house
Recent Examples on the Web
The average monthly rent for these matches is $609, but some lessors provide rooms in exchange for services, such as help with yard work, meal preparation, housekeeping and companionship.
—Lauren J. Mapp, San Diego Union-Tribune, 20 Jan. 2024
For the part of its fleet that's leased, the lessor will retain possession and will be free to re-lease to Spirit or another airline, depending on what offers are on the table.
—Ana Rocío Álvarez Bríñez, The Indianapolis Star, 19 Nov. 2024
Been a fan of both Berry and Mays, to a lessor extent, all my life but didn't know this side.
—Daniel Brown, The Athletic, 19 July 2024
In these cases, the Executor often negotiates an early termination with the lessor.
3.
—Matthew F. Erskine, Forbes, 11 Sep. 2024
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Word History
Etymology
Middle English lessour, from Anglo-French, from lesser to lease
First Known Use
14th century, in the meaning defined above
Time Traveler
The first known use of lessor was
in the 14th century
Dictionary Entries Near lessor
Cite this Entry
“Lessor.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/lessor. Accessed 21 Dec. 2024.
Kids Definition
lessor
noun
les·sor
ˈles-ˌȯ(ə)r
le-ˈsȯ(ə)r
: one that leases property to another
Legal Definition
lessor
noun
les·sor
ˈle-ˌsȯr, le-ˈsȯr
: a person who conveys the possession of real or personal property under a lease
More from Merriam-Webster on lessor
Nglish: Translation of lessor for Spanish Speakers
Britannica English: Translation of lessor for Arabic Speakers
Britannica.com: Encyclopedia article about lessor
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