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lessee

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Lessee

The person who rents land or property from a lessor.

Notes:

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

An entity that leases an asset from another entity.

lessee

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

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