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lessee - 6 dictionary results

les⋅see

[le-see]
–noun
a person, group, etc., to whom a lease is granted.

Origin:
1485–95; < AF. See lease 1 , -ee


les⋅see⋅ship, noun
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.]

Lessee

Les*see"\ (l[e^]s*s[=e]"), n. [F. laiss['e], p. p. of laisser. See Lease, v. t.] (Law) The person to whom a lease is given, or who takes an estate by lease. --Blackstone.

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


lessee

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


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
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