(v. t.) The person to whom a lease is given, or who takes an estate by lease.
Example Sentences:
(1) Lessor selection and the importance of a professional working relationship between lessee and lessor also are explored.
(2) If I hadn't had the help of a personal assistant lent to me by a fellow lessee, I don't know how I would have managed it.
(3) He added the proposed code made matters worse "since pubcos' wealthy lawyers are using it as a way of binding tenants and lessees into the code of practice that is inadequate, including excluding the option of going free of tie".
(4) We have designed a settlement that places the consumers, the owners and lessees in a central, decisive role,” said Elizabeth Cabraser, lead attorney for Volkswagen owners.
(5) Mulholland said the Federation of Small Businesses and the Forum for Private Business had been asking for a free-of-tie option for lessees and an open market rent review.
(6) However, before agreeing to lease, the potential lessee should investigate the lessor's reputation and financial strength.
(7) Specific lease situations are given to illustrate the problems that should be considered by the lessee.
Underlease
Definition:
(n.) A lease granted by a tenant or lessee; especially, a lease granted by one who is himself a lessee for years, for any fewer or less number of years than he himself holds; a sublease.