noun a person who holds the lease of a property; a tenant
In real estate, a lessee is a person or entity who leases property from a lessor, typically in the form of a rental agreement.
In finance, a lessee is the party who is granted the right to use an asset in exchange for periodic payments, as outlined in a lease contract.
In business settings, a lessee refers to a company or individual who rents equipment or assets for a specified period of time.
In legal contexts, a lessee is the party who receives possession of property in exchange for payment, as outlined in a lease agreement.
A real estate agent may refer to the person renting a property as the lessee in legal documents.
A property manager is responsible for collecting rent from the lessee and ensuring the property is well-maintained.
A lawyer may represent the lessee in lease negotiations or disputes with the lessor.
An accountant may record lease payments made by the lessee as expenses for tax purposes.
A banker may review the lease agreement to assess the creditworthiness of the lessee before approving a loan.
An insurance agent may recommend liability insurance for the lessee to protect against potential damages or losses.
A business owner may enter into a lease agreement as the lessee to rent commercial space for their operations.