Who is referred to as the lessor in a leasing arrangement?

In a leasing arrangement, the lessor is defined as the party who rents property to another. This role involves providing the property for use, typically under the terms of a lease agreement, while retaining ownership of the property. The lessor collects payment, often referred to as rent, from the lessee (the party renting the property).

This structure is fundamental in real estate and leasing agreements, as it delineates the responsibilities and rights of the parties involved. In this context, the lessor maintains control and ownership of the asset while enabling the lessee to leverage the property for a specified period under agreed-upon conditions, making option B the clear and accurate choice in this scenario.