Define: Leasee

A lessee is a person or entity that enters into a lease agreement with the owner of a property, known as the lessor. The lessee is granted the right to use and occupy the property for a specified period, subject to the terms and conditions outlined in the lease agreement. In exchange for this right, the lessee typically pays rent to the lessor. The lease agreement defines the rights and obligations of both parties, including the duration of the lease, the amount of rent, maintenance responsibilities, and any other terms or conditions governing the use of the property. The lessee may be an individual, a business, or an organisation, and leases can cover various types of properties, such as residential apartments, commercial buildings, or land for agricultural purposes.

The individual who appears on a lease and is responsible for the terms present in that agreement. There may be more than one leasee on a lease. The leasee must pay any fees that are agreed upon. If the leasor brings about a complaint against the leasee, the leasee would be considered the defendant.

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.