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Related to Lessee: lessor
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A party using under lease an asset owned by another party. Compare lessor.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
A tenant; the person or entity entitled to possession under a lease.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
One who rents property from another. In the case of real estate, the lessee is also known as the tenant.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary