Aug 9, 2025 · A lessee is the party who obtains the right to use an asset or property from another party. This individual or entity typically makes payments, such as rent or lease payments, in …

A lease is a contractual arrangement where one party, called the lessor, provides an asset for use by the other party, referred to as the lessee, based on periodic payments for an agreed period. …

Jan 29, 2025 · The lessee is responsible for regularly making payments based on the terms of the contract . In this way, the lessor generates income from leasing the asset, and the lessee uses …

Jul 30, 2025 · What is a Lessee? A lessee is an individual or company that acquires the occupation and use of property or an asset on lease. In real estate, the tenant is a lessee. In …

The meaning of LESSEE is one that holds real or personal property under a lease.

In a financial contract, the lessee is the person to whom something is rented or loaned. If you are renting a car from a dealership, for instance, you are the lessee.

LESSEE meaning: 1. a person who has the right to use something such as land, a building, or a piece of equipment…. Learn more.

Apr 29, 2025 · 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 …

Mar 31, 2025 · In a residential lease agreement, the lessee is the tenant, so the person who rents and resides in a home, apartment, or unit owned by someone else. The lease gives the lessee …

Lessee definition: a person, group, etc., to whom a lease is granted.. See examples of LESSEE used in a sentence.