lessor in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Lessor: a person or entity that leases or rents out property or equipment to another party.
Sample Sentences
- The lessor agreed to extend the lease for another year.
- Before signing the contract, the lessee carefully reviewed the terms set by the lessor.
- In the event of a dispute, the lessor and lessee must follow the arbitration process outlined in the agreement.
- The lessor is responsible for maintaining the property in good condition throughout the lease term.
- Many lessors now offer flexible leasing options to attract more tenants.