Lessee


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Related to Lessee: lessor

Lessee

An entity that leases an asset from another entity.

Lessee

A tenant; one who has obtained the right to use land, a house, and/or property from its owner. Sometimes, this includes the right to develop land belonging to another, but normally it is the right to live on an already developed property. The contract governing a lessee's rights is a lease; it generally includes the lessee's right to use the property under certain conditions without undue interference from the lessor for the period of time described in the lease. In exchange, the lessee pays rent.

lessee

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

lessee

A tenant; the person or entity entitled to possession under a lease.

Lessee

One who rents property from another. In the case of real estate, the lessee is also known as the tenant.
References in periodicals archive ?
1 The lease transfers ownership of the property to the lessee by the end of the lease term.
The proposal is that most leases would be shown the accounts of the lessee as assets with corresponding liabilities and as debt assets in the accounts of the lessors.
Lessees should be sensitive and let their neighbours know if there will be unusual noise from, say, DIY or workmen in the flat.
The key elements of the Boards' proposal are (1) the elimination of the finance/operating lease distinction and (2) a requirement to represent all leases on the lessee's balance sheet through a combination of an asset and a liability.
terms and conditions of the delivery of the leased asset to the lessee;
Moreover, the lease contract itself specifically recognized the lessee's right to construct on the property:
These traders have been the lessees of the MC since 1979 and paying rent.
Accordingly, on the exhaustion of the Lease Agreement, as well as completion of the due Payment to the Lessors, the Vehicle would be transferred to the Ownership of the Lessees.
Lessors calculate and recognize any selling profit or loss at the commencement of the lease as the fair value of the underlying asset (or the sum of lease receivable and any prepaid lease payment by lessee, if lower), less the carrying amount of the underlying asset net of any unguaranteed residual asset, less any deferred initial direct costs of the lessor.
Divisional Forest Officer Astore, Qadar Dan Ex-Range Forest Officer Forest Department, Maskeen Faqeer, Forest Lessee and Riaz Hakeem, Forest Lessee on the allegation of Transportation of illegal cut timber from Minar Forest and Makhley Forest in violation of Timber Disposal Policy 2013 that resulted in a loss of more than Rs.
The new law regulates commercial arrangement where the lessee (customer or borrower) will select an asset (equipment, vehicle, software); the lessor (finance company) will purchase that asset; the lessee will have use of that asset during the lease; the lessee will pay a series of rentals or instalments for the use of that asset; the lessor will recover a large part or all of the cost of the asset plus earn interest from the rentals paid by the lessee; the lessee has the option to acquire ownership of the asset (e.g.
Under ASC 842, leases are accounted for based on the FASB's right-of-use (ROU) model, which reflects the fact that a lessee has a financial obligation to make lease payments to the lessor for its right to use a specific asset, during the lease term, beginning at the commencement date of the lease contract.