What is LEASEE?

Entity documented as the one leasing. Accountable for the agreement’s terms. One or more leasees on a lease is required. The leasee pays agreed-to amount. A complaint against the leasee by the lessor makes the leasee the defendant.

More On This Topic

Link to This Definition
Did you find this definition of LEASEE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary