Lessee
Term · Law · MLC-T-LAW-003001
The party who holds the right to use an asset, such as real estate or equipment, under a lease agreement. The lessee pays rent or other consideration to the lessor for this right. The terms of the lessee's occupancy and responsibilities are outlined in the lease contract.
| Identifier | MLC-T-LAW-003001 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003001",
"term": "Lessee",
"field": "Law",
"definition": "The party who holds the right to use an asset, such as real estate or equipment, under a lease agreement. The lessee pays rent or other consideration to the lessor for this right. The terms of the lessee's occupancy and responsibilities are outlined in the lease contract.",
"url": "https://mlchart.com/terminology/law/lessee/"
}
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