Common Joe 'n Jane Real Estate Wiki

Real estate exam prep made easy! Dive into our wiki for key concepts and study materials tailored for success in your exams.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
<--Back to Wiki Home
Bite sized definition logo.

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.

Illustration of Dumb Ox mascot.

"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.

Invest in Your Future.

Buy Access Now!