(nonstandard) A person who leases something from a lessor; lessee.
Who is called lessee?
A lessee is a person who rents land or property from a lessor. The lessee is also known as the “tenant” and must uphold specific obligations as defined in the lease agreement and by law. The lease is a legally binding document, and if the lessee violates its terms they could be evicted.
Is the lessee the tenant?
A lessee is a person who rents land or property from a lessor. The lessee is also known as the “tenant” and must uphold specific obligations as defined in the lease agreement and by law. The lease is a legally binding document, and if the lessee violates its terms they could be evicted.
What is the plural of lessee?
(lesiː ) Word forms: plural lessees. countable noun. A lessee is a person who has taken out a lease on something such as a house or piece of land.
Is leaseholder lessee?
A leasehold is an accounting term that refers to an asset or property that a lessee (tenant) contracts to rent from a lessor (property owner) for an agreed-upon time in exchange for scheduled payments.
What's the plural of lessee?
(lesiː ) Word forms: plural lessees. countable noun. A lessee is a person who has taken out a lease on something such as a house or piece of land.
What is meant by a lessee?
A lessee is a person who rents land or property from a lessor. The lessee is also known as the “tenant” and must uphold specific obligations as defined in the lease agreement and by law. The lease is a legally binding document, and if the lessee violates its terms they could be evicted.
Who can be a lessee?
A lessee is a person who rents land or property, such as a vehicle. The person or entity the lessee rents from is the lessor. A lessee who is a tenant of a commercial or residential property may face different types of restrictions on their use of the space.
Who is a lessee person?
A lessee is a person who rents land or property from a lessor. The lessee is also known as the “tenant” and must uphold specific obligations as defined in the lease agreement and by law. The lease is a legally binding document, and if the lessee violates its terms they could be evicted.
Who is leasee and Leasor?
In a lease agreement, the lessee is defined as the party that pays for the use of the asset or property. The lessor is the party that receives payments from the lessee in exchange for the usage of its asset or property.