Lessee


Definition of "Lessee"

Individual paying a rental fee to the lessor for the right to use real property. The two methods used to account for leases by the lessee are the capital lease and the operating lease.

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Leasehold Profit Interest

Difference between the rent received by a lessee for the subletting property and the rent the lessee pays the lessor. ...

Summary Possession

Act of actual eviction or removal of a lessee from a property. The eviction may be either voluntarily through due process of law or involuntarily by f ...

Lease With Option To Purchase

Provision in a lease agreement in which the lessee is given the right to buy the property at the end of lease term. In many cases, the option price is ...

Stop Clause

Provision in a lease agreement indicating the maximum amount of operating expenditures that must be incurred by the landlord in a given year. Any amou ...

Leasehold-sandwich

A lessee (tenant) subleases the apartment to a third party .The tenant is now sandwiched between the lessor and the sublessee. In other words, the ten ...

Let

Contracts: Awarding a contract to the bidder for the property with the best offer. Lease: To lease property to a lessee. ...

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