Lessor definition

lĕsôr, lĕ-sôr
lessors
See word origin
Frequency:
One who leases property; a landlord.
noun
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The definition of a lessor is someone who loans property to another person with a written agreement.

An example of a lessor is the owner of an apartment building.

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A person who gives a lease; landlord.
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The owner of real or personal property, an interest in which is granted by lease.
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The owner of property that is leased.
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Other Word Forms

Noun

Singular:
lessor
Plural:
lessors

Origin of lessor

  • Middle English lessour from Anglo-Norman from lesser to let out, lease lease

    From American Heritage Dictionary of the English Language, 5th Edition

Lessor Sentence Examples

  • At harvest-time the produce is placed in the barns of the lessor, who first deducts 25% as premium, then 16% for battiteria (the difference between corn before and after winnowing), then deducts a proportion for rent and subsidies, so that the portion retained by the actual tiller of the soil is extremely meagre.

  • On his side, again, the subtenant, by accepting that position, is estopped from denying that his lessor's title (whatever it be) is good.

  • At common law, it was said that covenants " ran with the land " but not with the reversion, the assignee of the reversion not having the rights of the original lessor.

  • A covenant not to assign without the lessor's assent runs with the land and applies to a re-assignment to the original lessee.

  • The drilling of petroleum wells is carried on by individuals or companies, either on lands owned by them, or on properties whose owners grant leases, usually on condition that a certain number of wells shall be sunk within a stated period, and that a portion of the oil obtained (usually from one-tenth to one-fourth) shall be appropriated as royalty to the lessor.

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