Which party in a lease is typically referred to as the lessor?

In a lease agreement, the lessor is typically defined as the property owner who leases out their property to another party. This role involves granting the right to use and occupy the property for a specified period of time in exchange for rental payments. The lessor maintains ownership of the property while the lessee, or tenant, occupies it under the terms laid out in the lease.

Understanding the roles in a lease is essential for clarity in rights and obligations. The lessor is responsible for maintaining the premises and ensuring it is suitable for occupancy, as per lease terms. The lessor may also have the authority to set conditions related to the use of the property.

The other roles mentioned, such as the tenant or lessee, the real estate agent, and the legal representative, serve different functions within the leasing process, but it is the property owner who holds the title and legal authority as the lessor. This delineation of roles is critical in lease agreements, ensuring that parties involved understand their rights and obligations under the law.