lessee:
(also ‘leaseholder’; plural: ‘lessees‘; pronunciation: the first ‘e’ rhymes with the letter ‘e’ in “leg”, and the letters ‘ssee’ rhyme with the word “see” — for the right pronunciation, please click here)
a person who uses a house, office building or land of another person (owner) by a written agreement for a certain period of time in return for fixed regular payment,
a lessee and a lessor signing a lease in the presence of a lease agent
‘lease’ is a legal agreement between two people for the use of some property; a ‘lessee’ is the person who uses somebody else’s property on a lease; and a ‘lessor’ (owner) is the person who gives out his/her property to others on a lease; and ‘leasehold’ is the property that a person uses and the legal right to that person to use that property on a lease.
When a lease agreement is made, both the lessee and the lessor must go through it carefully or at least have the agreement read by a lawyer to understand the legal terms and conditions to maintain a good and productive relationship between them.
In private lease agreement, the lessee is given more advantage so that the landowner does not exploit him/her, but when it comes to a government making a lease agreement with one or more lessees, the government is always at an advantage and the lessees are placed at the receiving end!
