Lessee in a sentence

What is a lease lessee? As between YTP as lessee and Meggitt Defense Systems of LA, the lessor, the lease made the lessor liable for hazardous waste spills. The lessor shall, in accordance with the time and standards provided in the contract, turn over the leased property for the use of the lessee.

Lessee agrees to maintain the leased building in good condition and not allow it to further deteriorate. How to use lessee in a sentence. Where rights are claimed by a third party, the lessee shall notify the lessor promptly. The lessee the building to any other , with the prior written approval of the Lessor. The Lessee the building to any other , with the prior written approval of the Lessor.

The definition of a lessee is a tenant or a person who is renting a property. A tenant leasing an apartment is an example of a lessee. YourDictionary definition and usage example. Accounting: Commerce) A lessee is a person who is paying to lease an asset such as a car or building.

The lessee must make a series of fixed payments an if they fail to do so, the lessor can repossess the asset. In a net lease, the lessee agrees to maintain the asset, insure it, and pay any property taxes. The answer is, so that the registration authority can give appropriate notice to owners, lessees, tenants or occupiers, or to others who might wish to object to an application to register.

Definition of lessee : User or renter of the leased asset or property. When real estate is lease the lessee is called a tenant. Example sentences from the Web for lessee He was paid as owner or lessee of the House used by this or that company. A person who leases a property from its owner. Use lessee in a sentence “ You should try to find a reliable person to rent to any time you are the lessee to limit your exposure to risk.

Unlike a lessor, a lessee does not own the property, but they are responsible for lease payments and property maintenance for the duration of the lease. The owner to whom the lease is given is called the tenant or lessee. The lessee pays a tenth of the produce of the soil for his right of cultivation. Conductor, on The Apollonicon,—lent to the lessee for that night only,—Mr. Lessee has the right to renewal for ten years, rent not to exceed £an acre.

Examples of Ground Lessee in a sentence The Ground Lessee must provide, fun and assure funding for construction of improvements associated with the Facility, replacement, wear and tear, and mechanical and other repair and maintenance as provided in the ground lease. PILOT Project, which is then leased back by the PILOT Lessee for the benefit of the PILOT Recipient and the Project. Instant Downloa Mail Paper Copy or Hard Copy Delivery, Start and Order Now! More example sentences. The person or entity the lessee rents from is the lessor.

Most lessees must meet certain guidelines and restrictions when using. Sentence Examples These lessees are usually speculators, who divide and sub-let the estate. Not to use the demised premises for certain trading purposes, and in the case of tied houses a covenant by the. The law as to the rights and obligations of assignees and sub-lessees and as to surrender. Chinese meaning, lessee的中文 ， lessee的中文 ， lessee的中文 ，translation, pronunciation, synonyms and example sentences are provided by ichacha.

Summary A lessee is the party who rents property from the lessor. A lessor is the party who rents something out. For example, if an organization leases a vehicle from a car dealership, the organization using the car would be considered a lessee.

Conceptually, the lessee is paying the lessor for the “right to use” this asset. Texas Laws Found words like: lessee in sentences of Alcoholic Beverage Code Displaying sentences (of 8) in sections.