Lessee pronunciation

How to use lessee in a sentence. The definition of a lessee is a tenant or a person who is renting a property. What does the name lessee mean? A tenant leasing an apartment is an example of a lessee. Learn how to pronounce lessee with the American Pronunciation Guide (APG)!

English dictionary definition of lessee. Where there is an assignment by a lessor to a lessee the interest which the lessee takes is the interest which the lessor himself had. An individual or a corporation who has the right of use of something of value, gained through a lease agreement with the real owner of the property. The entity to whom a lease is given, or who takes an estate by lease. View the pronunciation for lessee.

How To Speak by Patrick Winston - Duration: 1:03:43. MIT OpenCourseWare Recommended for you. One who rents real property or Personal Property from another. A lessee of land is a tenant.

Cross-references Landlord and Tenant. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. In a lease agreement, the lessee is the person or business entity that leases or rents property from another person or business entity. A lease is a contract between a lessor.

Lessor definition , a person, group, etc. Legal definition of sublessee: a lessee under a sublease. Noun (plural leasees) 1. The duration for which the asset is leased can depend upon the purpose for which the asset is used.

Definition of lessee noun in Oxford Advanced American Dictionary. 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 lessees to purchase all beer required from the lessors. Analyzing the definition of key term often provides more insight about concepts. The owner of the property is the leaser when they rent it by lease to a lessee.

Lessee can be defined as: Party to lease who. Laissez-faire definition is - a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights. Sublease definition , a lease granted by one who is already a lessee of a property, as an apartment. User or renter of the leased asset or property.

When real estate is lease the lessee is called a tenant. The subject will be considered by taking a view, 1. In exchange, the lessee pays rent. In other words, a lessee leases or rents the leased property from the lessor. Information and translations of leasee in the most comprehensive dictionary definitions resource on the web. See: lease, rent) sublease a lease of property made by a person who is himself a lessee or tenant of that property, or the act of granting or taking such a lease.

The lessee is also known as the tenant and must uphold specific obligations as defined in the lease agreement and by law. When used in connection with the motor carrier industry, and in particular in connection with owner-operator situations, the term refers to the entity that holds operating authority to operate as a motor carrier for hire. Individual paying a rental fee to the lessor for the right to use real property.

Generally speaking, a lessee is the person who is renting and a lessor is whoever is the owner or manager of the property. This means that the lessor is someone who grants a lease. Lessees have tenant rights, which vary by state. Some rights, however, like heat and water, are universal.

Staff recommendation. The staff recommend finalising the agenda decision subject to certain editorial changes. The lessee has a purchase option to buy the leased asset, and is reasonably certain to use it.