Understand 'lessor' as a role in a leasing contract, distinct from 'lessee' who is the renter. The lessor provides the lease contract for the tenant to sign.
Pro Tip 2/3
Not Just Landlords
'Lessor' is used for all kinds of rentals, not just property, but also for equipment or vehicles. The lessor of the crane provided full maintenance service during the lease term.
Pro Tip 3/3
Legal Context
'Lessor' is often used in legal, lease-related documents and discussions rather than casual conversation. The lessor's rights are outlined in Clause 7 of the lease agreement.