Pronunciation: [lˈiːsə] (IPA) 
The American English spelling of the word "leasor" refers to the person or entity that leases something, such as a property or a piece of equipment. The IPA transcription for this word is /ˈliːzər/. This word is spelled with two syllables, with stress on the first, "lee", which is pronounced like the word "lee" as in Bruce Lee, followed by the schwa sound of "uh" and ending with the sound of "zr", represented by the letter "r".
A leasor, also spelled as lessor, is an individual or entity who grants a lease or rental agreement to another party, also known as the lessee or tenant. The term is commonly used in the context of real estate leasing, where the leasor is the property owner or landlord, and the lessee is the person or business entity who occupies the property.
A leasor can be an individual who owns a single property or a company that owns multiple real estate assets for leasing purposes. The main responsibility of a leasor is to offer a property for rent and enter into a legally binding lease agreement with a lessee. This agreement typically outlines the terms and conditions of the lease, such as the rental amount, duration of the lease, and any specific rules or restrictions regarding the property's use.
Moreover, a leasor is entitled to receive consistent rental payments from the lessee in exchange for the right to use and occupy the property for the agreed-upon period. Throughout the lease term, the leasor may also have certain obligations, such as property maintenance and repairs, while the lessee has responsibilities such as paying rent on time and keeping the property in good condition.
In summary, a leasor is the party who grants a lease or rental agreement to another individual or entity in the context of real estate leasing, often being the property owner or landlord.
