Lessor Definition – What is Lessor?

Accounting Glossary 

Lessor definition including break down of areas in the definition. Analyzing the definition of key term often provides more insight about concepts. Lessor can be defined as: Party to a lease who grants another party (the lessee) the rights to possess and use its property. Lessor and lessee are terms easily mixed up, lessor being the owner of the property who leases he property to the lessee, lessee being the party using the property.