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Bookmark or Share- Lessor vs Lessee - What You Need to Know About How Leases WorkA lease is a contractual arrangement where one party, called the lessor, provides an asset for use by the other party, referred to as the lessee, based on periodic payments for an agreed period. The lessee pays the lessor for the usage of the asset or property.
- lessee noun - Definition, pictures, pronunciation and usage ...Check pronunciation: lessee. Definition of lessee noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
- Lessee: The Person That Rents a Property - InvestopediaA lessee is a person who rents land or property from a lessor. The lessee is also known as the “tenant” and must uphold specific obligations as defined in the lease agreement and by law. The...
- LESSEE definition and meaning | Collins English DictionaryA lessee is a person who has taken out a lease on something such as a house or piece of land. [law] It also makes it easier for lessees to acquire an extension of their own leases. Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers. Word Frequency. lessee in British English. (lɛˈsiː ) noun.
- Lessee Definition & Meaning - Merriam-Webster: one that holds real or personal property under a lease. Synonyms. boarder. lodger. renter. roomer. tenant. See all Synonyms & Antonyms in Thesaurus. Examples of lessee in a Sentence. the lessee has the right to expect the lessor to make all necessary repairs in a timely manner.
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