Lessee

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Related to lessees: sublease

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 ?
In part 1 of a two-part series, the authors discuss the changes to the definition and classification of different types of leases and detail the accounting process for lessees.
Van der Tas says: The separate IASB and FASB standards will bring more leases onto lessees balance sheets.
For some reason, Casanova is the one who is so intent on disturbing the peace in Camp John Hay, and the locators and lessees are tired of his acts.
The lessee must pay the rent to the lessor within a maximum period of one week from the due date stated in the lease.
Assets recorded by lessees are not the underlying assets themselves, but the right to use the underlying assets during the lease term.
It is also a system that is often plagued by misunderstandings, frequently because the lessee has not been given adequate information from their solicitor before buying.
From an accounting perspective a finance lease will often appear in the lessor's accounts as a loan owed by the lessee to the lessor, and in the lessee's accounts as an asset and debt due to the lessor for the rental and other payments due.
Lessees should be sensitive and let their neighbours know if there will be unusual noise from, say, DIY or workmen in the flat.
A widely used, non-GAAP profit measure on which many loan covenants and executive compensation plans are based, EBITDA would increase for lessees that currently recognize rent expense from operating leases.
I always hoped they'd turn around and have it appraised and let the lessees buy it.
However, most said it had been hard work, particularly as there was often little active support from other lessees.
A lease agreement between the lessor and the lessee requires that the lessee acquire an insurance policy for the vehicle, which identifies the lessor as the named/additional insured.