Lessee definition: The person to whom is granted exclusive possession of a thing under the terms of a lease. Related Terms: Tenant, Lessor, Lease, Landlord The person to whom a lease of a thing is granted. The lessee rents from the lessor.
Lessee: A person or entity who receives the use and possession of leased property (e.g., real estate or equipment) from a lessor in exchange for a payment of funds. The person to whom a lease is made.
Lessee (n) Lessee is the person who accept a property by a lease agreement with the owner of the property, to receive the benefit, rights in a property for a specific period, as per the terms and conditions contained in the lease agreement, ...
Lessee: Company or individual which leases vehicles. Lessor: Company which leases vehicles.
Lessee: Someone who leases or rents something, such as an apartment or an automobile. Lessor: The person who grants a lease to a lessee. Let: 1. To rent or lease. 2. To award a contract to one of the bidders, as to let a contract.
lessee n. the person renting property under a written lease from the owner (lessor). He/she/it is the tenant and the lessor is the landlord. lesser crime n. See also: lesser-included offense ...
lessee: (See tenant.) lessor: (See landlord.) Letters of Conservatorship: A court paper that states that the conservator is authorized to act on the conservatee's behalf. Also called "Letters." ...
LESSEE. He to whom a lease is made. The subject will be considered by taking a view, 1. Of his rights. 2. Of his duties.
Lessee Definition - Noun : a person who has possession of real or personal property under a lease specif : a tenant of real property under a lease Pronunciationle-'sE ...
Lessee A person who leases a property from its owner. Commonly referred to as the Tenant. Lessor ...
Landlord: Owner of a building or land who leases the land, building or part thereof, to another person, who is called the tenant or lessee. Lay litigant: Non-lawyer who brings a legal action without the assistance of a barrister or solicitor.
Telfair, 4 Dallas (4 U.S.) 14 (1800); Vanhorne's Lessee v. Dorrance, 28 F. Cas. 1012, 2 Dallas (2 U.S.) 304; 1 L. Ed. 391; C. Pa. 1795).) ^ Fletcher, George P.; Sheppard, Steve (2004). American Law in Global Perspective: The Basics.
Where a lessee is evicted from, or surrenders or forfeits possession of part of the property leased to him, he becomes liable at common law to pay only a rent apportioned to the value of the interest which he still retains.
Quiet enjoyment: Implied obligations of a lessor that a lessee's peaceful enjoyment of the premises shall not be interfered with by the lessor or by any person who claims under him.
" See also: lease lessee lessor rent tenant; Landlord is also called a 'lessor' of rental property. Landlord essentially allows a tenant to live and use his house, an apartment, or a commercial building, in exchange to monthly or yearly payments.
lease option - A contract between a lesser and lessee in which the lessee is able to purchase the property after the lease expires for a predetermined price.
triple net lease n. a lease in which the lessee's (tenant's) rent includes a share... true bill n. the written decision of a Grand Jury (signed by the Grand Jury...
Lease with Option to Purchase A lease under which the lessee has the right to purchase the property. The option may run for the length of the lease or only for a portion of the lease period.
YIELDING AND PAYING, contracts. These words, when used in a lease, constitute a covenant on the part of the lessee to pay the rent, Platt on Coven. 50, 3... more ...
Anyone, including a corporation, who rents real property, with or without a house or structure, from the owner (called the landlord). The tenant may also be called the "lessee." tenants in common See tenancy in common.
Yielding and paying - In conveyancing. the initial words of that clause in leases in which the rent to be paid by the lessee is mentioned and reserved. RETURN TO TOP OF PAGE TERMS BEGINNING WITH Z Zetetic - Proceeding by inquiry ...
See also: Law, Person, Property, Court, Right
 
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