lessee

[le-see]

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

Synonyms for lessee

• tenant
• renter
• occupant
• user
• hirer

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.

• direct lessee

  a lessee who rents a property directly from the owner or lessor

  Example

  The direct lessee of the office space negotiated a lower rent with the lessor.

• assignee lessee

  a lessee who takes over the lease agreement from the original lessee

  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'

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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.'