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

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 the …

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. The lessee …

Apr 3, 2025 · A lessee is anyone—an individual or a business—who rents or leases property from another party, known as the lessor. It’s a formal word you’ll often see in lease agreements, especially …

A son, daughter, border or other inmate may be the owner or lessee of property as well as the head in the family.

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 exchange for …

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 legal …

A lessee is a person who has taken out a lease on something such as a house or piece of land.

Definition of lessee noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

Nov 28, 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 and by law.