Lessor (noun)

1. A person who grants the use of property, equipment, or facilities to another under a lease.
2. The party who grants the right to use an asset under a lease agreement.

Origin:

From old french lessor, from latin locator "one who grants the use of something".

Examples:

1. The lessor is responsible for maintaining the property and making repairs during the lease period.
2. In a lease agreement, the lessor is the person who owns the property and the lessee is the person who rents it.
3. A lessor is also known as a landlord when the property leased is a house or an apartment.
4. The lessor is entitled to receive payment for the use of the property according to the terms of the lease agreement.
5. The lessor is the owner of the property and he can choose to terminate the lease if the lessee breaches the terms of the agreement.