Lessee

Definition

  • An individual who signs a lease.

Synonyms
renter, tenant

Related Terms and Acronyms

  • Ground Rent Definition,
    • Amount a leaseholder pays periodically for use of land only.
  • Landlord Definition,
    • One who rents or leases his or her property to another person or a business.
  • Lease (lse) Abbreviation,
    • A written agreement in which the property owner allows a tenant to use property in exchange for rent, and for a specified period. Or, a written agreement in which a car dealer allows a consumer to use a vehicle in exchange for payments for a specified period.
  • Rent Definition,
    • When one party pays another for the use of an asset, service or property.
  • Rental Agreement (RA) Acronym, Important,
    • A document that states the terms and conditions for tenancy of a dwelling.
  • Renter's Insurance Definition,
    • Insurance that covers renters for liabilities or damages occurring to or within insured property.
  • Step Down Lease Definition,
    • A lease providing for decreases in rental payment at specified dates.
  • Step Up Lease Definition,
    • A lease providing for increases in rental payment at specified dates.
  • Sublet Definition,
    • An arrangement where a tenant leases property to a subtenant.
  • Tenant Definition,
    • One who rents property.
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