WOTD: Landlord (Lessor)
Channel: Whitney Nicely East
Date: 2017-03-06

Landlord/ Lesser- 

Owner of a property who does not reside or personally occupy the property. Many investors are Landlords. They buy a property for the sole purpose of renting it to a tenant. The tenant will pay down the amount owed on the property for the Landlord. After the property is free and clear, the landlord is able to use the rent money for personal or professional use.