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lessee

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les⋅see

  [le-see]
Use lessee in a Sentence
–noun
a person, group, etc., to whom a lease is granted.
Origin:
1485–95; < AF. See lease 1 , -ee

Related forms:
les⋅see⋅ship, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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les·see   (lě-sē')   
n.  One that holds a lease.

[Middle English, from Anglo-Norman, from past participle of lesser, to let out, lease; see lease.]
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Lessee

The person who rents land or property from a lessor.

Investopedia Commentary

The lessee is also known as the tenant. Always read your lease agreement carefully, it is a legally binding document.

See also: Cash on Cash Return, Deed, Investment Real Estate, Leaseback, Lessor, Mortgage, Real Estate Limited Partnership, REIT

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

lessee

A party using under lease an asset owned by another party. Compare lessor.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: les·see
Pronunciation: le-'sE
Function: noun
: a person who has possession of real or personal property under a lease; specifically : a tenant of real property under a lease
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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