Lessee(redirected from lesseeship)
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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.
A party using under lease an asset owned by another party. Compare lessor.
A tenant; the person or entity entitled to possession under a lease.
One who rents property from another. In the case of real estate, the lessee is also known as the tenant.