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Lessee Defined

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Lessee Defined – A lessee is an entity that contracts to make rental payments to a lessor in exchange for the use of an asset.   

The legal-dictionary.com defines a lessee as One who rents real property or Personal Property from another.

Merriam-Webster.com definition of lease –a person who has an agreement that allows the use of a car, house, etc., for a period of time in exchange for a payment : a person who has a lease on something.

The entity could be a person, business or other organization.  The Lessee may be a for profit business or a non-profit organization.

The Lessee’s Advocate has the focus of equipment lessees, which excludes real estate from being the property which the lessee “rents”.