[les-awr, le-sawr]
a person, group, etc., who grants a lease.

1350–1400; Middle English lesso(u)r < Anglo-French. See lease1, -or2

lesser, lessor.
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World English Dictionary
lessor (ˈlɛsɔː, lɛˈsɔː)
a person who grants a lease of property

Collins English Dictionary - Complete & Unabridged 10th Edition
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Word Origin & History

late 15c., from Anglo-Fr. lessor (late 13c.), from verb lesser (see lease).
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Lease in which the lessor promises to maintain and insure the equipment leased.
It is also a lessor of rail cars and truck trailers.
Increase employment, albeit at a lessor lifestyle, and reduce the real debt.
It is also the biggest issuer of private label credit cards and the biggest
  aircraft lessor.
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