In a lease agreement, the Lessor is the:

In the context of a lease agreement, the Lessor is defined as the owner of the property being leased. This individual or entity has the legal right to rent out the space to tenants and is responsible for maintaining the property and ensuring it is habitable. The Lessor receives rent payments for the use of the property, and they have the authority to enforce the terms of the lease agreement.

Understanding the role of the Lessor is critical for both landlords and tenants, as it helps clarify the responsibilities, rights, and expectations each party has under the lease. This clarity is essential for the effective management of the leasing relationship and helps avoid potential conflicts.

In contrast, the other options represent entities or individuals that typically do not hold the primary rights associated with the ownership of the property. For example, a management company may act on behalf of the Lessor but does not own the property itself. The tenant, noted on the lease, is the party renting the property and does not have ownership rights. The mortgage holder may have a financial interest in the property but is not directly involved in the leasing process unless it pertains to foreclosure or property disposition matters.