Lessor vs. Lessee: What Is the Difference? - LegalClarity A lessee is the party who obtains the right to use an asset or property from another party This individual or entity typically makes payments, such as rent or lease payments, in exchange for this right
Lessor vs Lessee - What You Need to Know About How Leases Work A lease is a contractual arrangement where one party, called the lessor, provides an asset for use by the other party, referred to as the lessee, based on periodic payments for an agreed period The lessee pays the lessor for the usage of the asset or property
Lessor vs. Lessee: How Are They Different? - LegalZoom Lessee meaning: The other party who obtains the right to use an asset The lessee can also be an individual or company Lease vs rental agreement: Rental agreements are typically short-term or month-to-month, while lease agreements are often six months or more
Lessee vs. Lessor: Whats The Difference in Lease Agreement (2025) What is a Lessee? A lessee is an individual or company that acquires the occupation and use of property or an asset on lease In real estate, the tenant is a lessee In any lessor and lessee contract, the lessee is the entity that enters the lease and promises to abide by the rules
Lessee: The Person That Rents a Property - Investopedia A lessee is a person who rents land or property from a lessor The lessee is also known as the “tenant” and must uphold specific obligations as defined in the lease agreement and by law
Lessor vs. Lessee: Lease Terms Every Landlord Should Know - Avail In a residential lease agreement, the lessee is the tenant, so the person who rents and resides in a home, apartment, or unit owned by someone else The lease gives the lessee legal permission to occupy the space for a specific period, typically in exchange for monthly rent payments
Lessee Explained: How It Works, Types, and Examples A lessee is an individual or entity that rents property from a lessor under a legally binding lease agreement This article explains the role, responsibilities, and rights of a lessee, as well as key differences between commercial and residential leases