(redirected from lessees)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.
Related to lessees: sublease


One who rents real property or Personal Property from another.

A lessee of land is a tenant.


Landlord and Tenant.


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. (See: lease, lessor, tenant, landlord, landlord and tenant)


noun boarder, conductor, holder of an estate by virtue of a lease, leaseholder, lodger, occupant, occupier, person in possession, possessor, property holder, rent payer, rentee, renter, resident, roomer, tenant
See also: consumer, customer, lodger, occupant, tenant


a person to whom a LEASE is granted; a tenant under a LEASE.

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.
     2.-1. He has a right to enjoy the premises leased for the term mentioned in the lease, and to use them for the purpose agreed upon. He may, unless, restrained by the covenants in the lease, either assign it, or underlet the premises. 1 Cruise, Dig. 174. By an assignment of the lease is meant the transfer of all the tenant's interest in the estate to another person; on the contrary, an underletting is but a partial transfer of the property leased, the lessee retaining a reversion to himself.
     3.-2. The duties of the lessee are numerous. First, he is bound to fulfill all express covenants he has entered into in relation to the premises leased; and, secondly, he is required to fulfill all implied covenants, which the relation of lessee imposes upon him towards the lessor. For example, he is bound to put the premises to no other use than that for which it was hired; when a farm is let to him for common farming purposes, he cannot open a mine and dig ore which may happen to be in the ground; but if the mine has been opened, it is presumed both parties intended it should be used, unless the lessee were expressly restrained; 1 Cruise, Dig. 132. He is required to use the property in a tenant-like and proper manner; to take reasonable care of it and to restore it at the end of his term, subject only to the deterioration produced by ordinary wear and the reasonable use for which it was demised. 12 M. & W. 827. Although he is not bound, in the absence of an express covenant, to rebuild in case of destruction by fire or other accident, yet he must keep the house in a habitable state if he received it in good order. See Repairs. The lessee is required to restore the property to the lessor at the end of the term.
     4. The lessee remains chargeable, after an assignment of his term, as before, unless the lessor has accepted the assignee; and even then he continues liable in covenant on an express covenant, as for repairs, or to pay rent; 2 Keb. 640; but not for the performance of an implied one, or, as it is usually termed, a covenant in law. By the acceptance, he is discharged from debt for arrears of future rent. Cro. Jac. 309, 334; Ham. on Parties, 129, 130.
     Vide Estate for years; Lease;, Notice to quit: Tenant for years; Underlease.

References in periodicals archive ?
A final example for lessees explores some of the additional complexity associated with initial directs costs and the existence of residual values.
However, because most leases will be recognised on the balance sheet under the new standard, lessees will put more focus on whether an arrangement is or is not a lease.
Instead of agitating locators and lessees, the BCDA must leave them in peace; the BCDA is bound to respect the rights of third party locators, even after the rescission of the contract between CJHDevCo and the BCDA.
The maximum security deposit that a lessor can require from a lessee is 1 month's rent.
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.
Right to vary a lease Living in Leasehold Flats, along with many other publications for lessees, can be downloaded freely from www.
A capital lease is, in effect, a loan which is paid off over the life of the lease through rent, or with a bullet payment at the end or a combination of the two, and the lessee takes on the asset risk.
Lessees should cooperate and ensure a neighbour knows how to contact them.
Under the Boards' proposed approach, lessees that currently classify leases as operating leases would certainly recognize more assets and liabilities on their balance sheets than is the case today under either U.
The appellate court said that to show that the appraisers owed the lessees a duty, the lessees had to allege that the appraisals were intended to benefit or influence them.
But not all Owens Valley lessees are happy with the arrangements - especially as rents on contracts now are being raised annually.
Virtually all respondents found it easy to form the RTM company and gain the support of enough qualifying lessees, but nearly half said their freeholders were obstructive during the process.