lessee Definition
a person or company that has the right to use a property or asset for a specified period in exchange for payment to the owner of the property or asset.
Using lessee: Examples
Take a moment to familiarize yourself with how "lessee" can be used in various situations through the following examples!
Example
The lessee of the apartment is responsible for paying rent on time.
Example
The lessee of the car returned it in excellent condition.
Example
The lease agreement outlines the responsibilities of both the lessor and the lessee.
lessee Synonyms and Antonyms
Phrases with lessee
head lessee
the primary lessee who sublets a property to another person or company
Example
As the head lessee, he was responsible for collecting rent from the sublessees.
Example
The direct lessee of the office space negotiated a lower rent with the lessor.
Example
The assignee lessee agreed to take over the lease of the apartment from the previous tenant.
Origins of lessee
from Old French 'lessé', past participle of 'laisser', meaning 'to let, leave'
Summary: lessee in Brief
'Lessee' [le-see] refers to a person or company that has the right to use a property or asset for a specified period in exchange for payment to the owner. It is often used in legal and business contexts, such as lease agreements and rental contracts. Examples include 'The lessee of the apartment is responsible for paying rent on time.' and 'The lease agreement outlines the responsibilities of both the lessor and the lessee.'
