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What is the plural of lessees?

What is the plural of lessees?

lessee. plural. lessees. DEFINITIONS1. someone who pays rent to use land or property and has signed a lease (=a legal agreement) with the owner.

What is the plural of lessor?

lessor /ˈlɛˌsoɚ/ noun. plural lessors.

What does the word lessees mean?

A lessee is a person who rents land or property from a lessor. The lessee is also known as the “tenant” and must uphold specific obligations as defined in the lease agreement and by law. The lease is a legally binding document, and if the lessee violates its terms they could be evicted.

How do you spell leasee?

(nonstandard) A person who leases something from a lessor; lessee.

Who is sublessee?

The definition of a sublessee is the person who holds a lease which was given to another person for all or part of a property. An example of a sublessee is the person who has a lease for a car that is already being leased by another party.

What is a leasehold agreement?

A leasehold interest is a contract in which an individual or entity, or in real estate terms, a lessee, leases a parcel of land from an owner or lessor for a set period of time. The lessee has the exclusive rights to possess and use as an asset or property for the specified period of time.

Who can be a lessor?

The lessor is the legal owner of the asset or property, and he gives the lessee the right to use or occupy the asset or property for a specific period.

Which is correct lessee or leasee?

As nouns the difference between lessee and leasee is that lessee is an individual or a corporation who has the right of use of something of value, gained through a lease agreement with the real owner of the property while leasee is (nonstandard) a person who leases something from a lessor; lessee.

Who is the leasee and Leasor?

In a lease agreement, the lessor is defined as the party that receives payments in exchange for the usage of its asset or property. The lessee is the party that pays the lessor for the use of the asset or property.

What is sublessor and sublessee?

As nouns the difference between sublessor and sublessee is that sublessor is a person who engages in subletting while sublessee is one to whom a property is subleased.

Is sublessee a word?