lessee

(noun)

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.

Related Terms

Examples of lessee in the following topics:

  • Leasing

    • If the needs of the lessee suddenly change, it might be difficult to modify the terms of the lease.
    • In addition, lessees might not be able to return damaged products depending on the leasing conditions.