lessee


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Related to lessee: lessor

les·see

 (lĕ-sē′)
n.
One that holds a lease; a tenant.

[Middle English, from Anglo-Norman, from past participle of lesser, to let out, lease; see lease.]

lessee

(lɛˈsiː)
n
(Law) a person to whom a lease is granted; a tenant under a lease
[C15: via Anglo-French from Old French lessé, from lesser to lease1]
lesˈseeship n

les•see

(lɛˈsi)

n.
a person to whom a lease is granted.
[1485–95; < Anglo-French. See lease, -ee]
les•see′ship, n.

lessee

a person or entity to whom a lease is given; a person or entity that leases property as a tenant.
See also: Property and Ownership
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.lessee - a tenant who holds a lease
holder - a person who holds something; "they held two hostages"; "he holds the trophy"; "she holds a United States passport"
renter, tenant - someone who pays rent to use land or a building or a car that is owned by someone else; "the landlord can evict a tenant who doesn't pay the rent"
Translations
vuokralainen

lessee

[leˈsiː] N [of house] → inquilino/a m/f; [of land] → arrendatario/a m/f

lessee

[ˌlɛˈsiː] nlocataire m/f (à bail), preneur/euse m/f

lessee

nPächter(in) m(f); (of house, flat)Mieter(in) m(f); (of equipment)Leasingnehmer(in) m(f)

lessee

[lɛˈsiː] naffittuario/a, locatario/a
References in classic literature ?
It was beyond all argument superior to the telephones then in use and the lessees of Bell telephones clamored with one voice for "a transmitter as good as Edison's.
There's only a little bit of the vineyard that isn't abandoned-- just enough to make wine for the present Italian lessees, who are running a poverty-stricken milk ranch on the leavings of the soil.
Co-owners can agree to require a fellow co-owner to offer its ownership interest for sale to the other co-owners, the sponsor or the lessee at fair market value (FMV) before exercising any right of partition.
Each lease provided that after five years the lessee would have an option to purchase the property pursuant to a formula set out in the lease.
While paragraph 31 and the example it contains are correct from a technical standpoint, they are not illustrative of the common industry practice of the lessee arranging for repairs.
The dispute between the World Trade Center lessee and insurers is heating up, with the insurer that holds the largest piece of liability from the destroyed complex saying the lessee has forfeited his right to rebuild the center by asking for an immediate cash payment for the actual cash value of the property.
Lease negotiations, more often than not, lead to a request from the lessee for renewal options.
The Lessee Advocate is a research firm publishing practical information for corporate executives who want to improve their financial performance by improving their leasing operations.
If a lease meets any one of four criteria (see Exhibit 1 on page 20), it qualifies for capital lease treatment and the lessee is required to record and report the underlying assets and related lease obligations on its balance sheet.
The net lease of the 8,500-square-foot (sf), mixed-use building, which is situated between 82nd and 83rd streets, was executed at a gross rental rate of $4 million over the course of the 10-year term, with the lessee having the option to purchase.
The successful Lessee shall at its own cost and expense and in strict conformity with all applicable
Lessors report a receivable asset for amounts due from the lessee, not an asset for the leased property itself, even though the lessor retains legal ownership of the property.