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: one that holds real or personal property under a lease
Examples of lessee in a Sentence
the lessee has the right to expect the lessor to make all necessary repairs in a timely manner
Recent Examples on the Web
Many financing transactions also may have a dollar buyout provision, where the borrower/lessee owns the equipment after making a nominal final payment.
—
Chris Scharman, Forbes, 27 Dec. 2024
The lessee gets 10,000 miles a year before extra-mile fees kick in.
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Nathan Bomey, Axios, 17 Dec. 2024
Gap insurance is essential for lessees because a new-vehicle lease is virtually unbreakable.
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Jim Gorzelany, Forbes, 29 Nov. 2024
The current federal tax credit also applies to leases, and some dealerships are exploiting a loophole that allows EV lessees to qualify for the full $7,500 credit without meeting income or manufacturer requirements.
—
J.j. McCorvey, NBC News, 26 Nov. 2024
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Word History
Dictionary Entries Near lessee
Cite this Entry
“Lessee.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/lessee. Accessed 9 Feb. 2025.
Kids Definition
lessee
noun
les·see
le-ˈsē
: a person holding or occupying property under a lease
Legal Definition
lessee
noun
les·see
le-ˈsē
: a person who has possession of real or personal property under a lease
specifically
: a tenant of real property under a lease
More from Merriam-Webster on lessee
Nglish: Translation of lessee for Spanish Speakers
Britannica English: Translation of lessee for Arabic Speakers
Britannica.com: Encyclopedia article about lessee
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