Lessor vs. Lessee: What Is the Difference? - LegalClarity The lessee’s primary role involves using or occupying the asset according to the agreed-upon terms For example, a tenant living in a rental apartment is a lessee, as is a person who leases a car from a dealership
Lessor vs Lessee - What You Need to Know About How Leases Work A 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
Lessor vs. Lessee: How Are They Different? - LegalZoom Lessee meaning: The other party who obtains the right to use an asset The lessee can also be an individual or company Lease vs rental agreement: Rental agreements are typically short-term or month-to-month, while lease agreements are often six months or more
Leasee or Lessee - Which Spelling Is Correct? - Grammarhow “Lessee” is a perfectly correct English word used to talk about an entity (person or corporation) that gets permission to manage land or properties after signing a leasing agreement with the real owner
Lessee vs. Lessor: Whats The Difference in Lease Agreement (2025) What is a Lessee? A lessee is an individual or company that acquires the occupation and use of property or an asset on lease In real estate, the tenant is a lessee In any lessor and lessee contract, the lessee is the entity that enters the lease and promises to abide by the rules
Lessee: The Person That Rents a Property - Investopedia A 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
Lessee vs Lessor in Property Management: A Complete Guide A lessee is the person or business that rents property, while a lessor is the property owner or entity leasing out the space In simpler terms, the lessee pays to use the space, and the lessor owns it and collects rent