lessee


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Related to lessee: lessor

lessee

a person to whom a lease is granted; a tenant under a lease

lessee

The person receiving a possessory interest in buildings, property, etc., by lease.
References in periodicals archive ?
The lease would be a triple net lease, under which the lessee would be responsible for all the property's costs and expenses.
The fact that the lessee can choose to exercise or to renegotiate, within the time limits and restrictions included in the option, sets up an uneven playing field.
May 14, 2013 /PRNewswire/ -- LeaseAccelerator announced today that it has published a new lease accounting whitepaper for lessees that explains the new 2013 FASB Exposure Draft, which the FASB is expected to release later this week.
Consistent with current GAAP, the proposed standard requires lessees to record lease obligations at the present value of the minimum lease 'Payments, discounted at either the lessee's incremental borrowing rate or the discount rate implicit in the lease.
The successful Lessee will be required to apply and obtain a zoning and building permits.
This is especially true when a lease agreement contains provisions that effectively transfer the benefits and risks of owning the property from the lessor to the lessee.
The lessee still has to pay for maintenance, traffic tickets and insurance.
In operating the lease, the lessee has the option to cancel the lease pre-maturely and is not charged heavy penalty for such premature conciliation.
Many leases specify noncancellation periods during which the lessee may not terminate the lease, or they require cancellation notices to be received a certain number of periods before actual return.
The Master lessee also leases the exclusively owned area attribute to another owner of the Property.
A lessee improvement involves the acquisition or production of a new and distinct interest in property, and this interest is often different from the underlying leased property.