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 ?
For example, when leasing a building, a lessee may obtain access to a communal parking lot and exercise facility.
Lessees will recognize expense based on the payment provisions of the lease contract.
110-l(b)(2)(iii) defines retail space as space "that is leased, occupied, or otherwise used by the lessee in its trade or business of selling tangible personal property or services to the general public .
The maximum security deposit that a lessor can require from a lessee is 1 month's rent.
A bargain purchase option is a "provision allowing the lessee, at his option, to purchase the leased property for a price which is sufficiently lower than the expected fair value of the property at the date the option becomes exercisable that exercise of the option appears, at the inception of the lease, to be reasonably assured.
ARMA's chairman, Peter Dening, of Pennycuick Collins in Birmingham, said: "After the coalition's shock announcement last year that they do not plan to regulate the residential leasehold management sector nor introduce important accounting regulations to safe-guard lessees' money, it is more crucial now than ever that lessees are fully aware of all their rights and the protection that is available to them - quite often this can be more than they think.
From an accounting perspective a finance lease will often appear in the lessor's accounts as a loan owed by the lessee to the lessor, and in the lessee's accounts as an asset and debt due to the lessor for the rental and other payments due.
MUCH is said about, and comments made on, the way landlords and managing agents should conduct themselves in delivering management services to blocks of leasehold flats - services that enable lessees to enjoy their home and the community in which they live.
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 co-owners may enter into a management or brokerage agreement with an agent who may be a sponsor or a co-owner, but cannot be a lessee.
Appraisers of business properties for a lessor owed a duty to lessees who had exercised options to purchase the properties at a price that was based on the appraisal, according to an Illinois appellate court.
A lease agreement between the lessor and the lessee requires that the lessee acquire an insurance policy for the vehicle, which identifies the lessor as the named/additional insured.