The crossword solution for the term LESSOR, USUALLY is OWNER. A lessor, usually, is a person or entity that owns property and leases it to another person or entity. This type of arrangement is common in real estate, where a landlord leases a property to a tenant. In other cases, a lessor may lease equipment, such as cars or machinery, to another party. The lessor is responsible for the maintenance and upkeep of the property or equipment, and the lessee is responsible for making payments on the lease.