What does the lessor receive in exchange for leasing the property?

The correct answer is rent. In the context of leasing a property, the lessor, who is typically the property owner, receives rent from the lessee (the tenant) as compensation for the use of the property. Rent is a regular payment made by the tenant, which serves as a source of income for the lessor. This payment is usually established in the lease agreement, detailing the amount, payment schedule, and duration of the lease.

While maintenance fees, security deposits, and utilities might also be part of the leasing arrangement, they do not represent the primary compensation the lessor receives for allowing someone to use their property. Maintenance fees are often the responsibility of the tenant but can relate to service agreements. A security deposit is typically held by the lessor as a form of protection against potential damages or unpaid rent, but it is not income. Utilities, such as water, gas, and electricity, are usually the tenant's responsibility and do not flow to the lessor as revenue. Thus, rent stands out as the fundamental exchange for leasing the property.