Lessor vs Lessee - What You Need to Know About How Leases Work The lessee is the party who gets the right to use an asset for a specific period and makes periodic payments to the lessor based on their initial agreement The length of the lease period often depends at least partially on the type of asset or property
Leasee or Lessee - Which Spelling Is Correct? - Grammarhow Leasee or Lessee – Which Spelling Is Correct? A “lessee” is an entity (individual or corporation) that can use a property because of an agreement with the property’s real owner This operation is called “a lease” Some people might misspell “lessee” and write it “leasee”
What Is a Lessee? Key Rights and Responsibilities Explained 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
lessee | Wex | US Law | LII Legal Information Institute A lessee is a person who takes temporary possession of a lessor’s property interest through a lease If the property is real estate, the lessee is referred to as a tenant
Leasee or Lessee: Which Spelling Is Correct? for 2026 However, the correct and accepted form is lessee The word has a long history in legal English and follows the standard pattern where the ending -ee shows the person receiving an action