What does the word Lessor mean on property ownership mean?

In property ownership, a "lessor" refers to an individual or entity that leases or rents out property to another party, known as the lessee. The lessor retains ownership of the property while granting the lessee the right to use it for a specified period, typically in exchange for rent. This arrangement is commonly found in residential and commercial real estate leases. The terms and conditions of the lease are usually outlined in a contract.