NounSingular lessee Plural lessees lessee (plural lessees)
From Wiktionary under the GNU Free Documentation License. A lease is a contract conferring a right on one person (called a tenant or lessee) to possess property belonging to another person (called a landlord or lessor) to the exclusion of the owner landlord, and all others except with the invitation of the tenant. It is a rental agreement between landlord and tenant. The relationship between the tenant and the landlord is called a tenancy, and the right to possession by the tenant is sometimes called a leasehold interest. A lease can be for a fixed period of time (called the term of the lease) but (depending on the terms of the lease) may be terminated sooner. The consideration for the lease is called rent or the rental. A lease should be contrasted to a license, which may entitle a person (called a licensee) to use property, but which is subject to termination at the will of the owner of the property (called the licensor). An example of a license is the relationship between a parking lot owner and a person who parks a vehicle in the parking lot. Under normal circumstances, owners of property are at liberty to do what they want with their property (for a lawful purpose), including dealing with it or handing over possession of the property to a tenant for a limited period of time. If an owner has surrendered possession to another (i.e., the tenant) then any interference with the quiet enjoyment of the property by the tenant in lawful possession is itself unlawful. Similar principles apply to real property as well as to personal property, though the terminology would be different. Similar principles apply to sub-leasing, that is the leasing by a tenant in possession to a sub-tenant. The right to sub-lease can be expressly prohibited by the main lease, sometimes referred to as a "master lease". From Wikipedia under the
GNU Free Documentation License Advantages of leasing from the lessee s perspective include all of the following EXCEPT? Q. A) capability of effectively depreciating land. B) ability to avoid restrictive covenants that are normally part of a long-term loan. C) benefit of the salvage value at the end of the term of the lease reverts to the lessor. D) 100 percent financing. Asked by Halloween gal - Sun Apr 5 09:12:51 2009 - - 2 Answers - 0 Comments A. Definitely not B. Probably not A. I would say D is probably the answer just because lessees usually do not get financing but, rather they have to pay month to month. Answered by call me irresistible - Sun Apr 5 09:21:24 2009 Since a 30 year or longer lease becomes "real property", what can a lessee do with the land,build a structure? Q. We have a 45 year lease on a vacant lot. What can we do to the lot during our 45 year stay?? Asked by Tony C - Thu Sep 28 18:49:15 2006 - - 4 Answers - 0 Comments A. It depends - do you have a buy-out option at the end and what are the terms of use listed in your lease? You can probably only erect temporary structures, such as a mobile home or other portable building. If you do not come into ownership at the end of the lease, any permanent improvements to the property become the property of the landlord. Answered by fearslady - Thu Sep 28 18:53:59 2006 does the lessee of a vehicle have an obligation to notify the lessor/bank when the vehicle has been scrapped?
Q. does the lessee of a vehicle have an obligation to notify the lessor/bank when the vehicle has been scrapped? Asked by jnt1976 - Fri Jul 14 14:58:53 2006 - - 4 Answers - 0 Comments A. unless said lessee of said vehicle wants to continue making payments on the now scrapped vehicle... you should probably tell them something. Answered by Archer Christifori - Fri Jul 14 15:04:57 2006 From Yahoo Answer Search: "lessee"  news.google.com Atascadero News In a 5-0 vote, the Atascadero Redevelopment Agency finalized approval for its $1.5 million loan guarantee for Colony Square on July 14 as it moves toward ... news.google.com fwdailynews.com Alex Genova represented both the lessor, Salemi/Redi Wash Family Partnership, and the lessee , Supreme Hearing Company Inc., in the lease of 968 square feet ... news.google.com Malta Independent Online It just so happens that the lessee is the Labour Party. The motion was carried with the Nationalist majority councillors voting for it, and the Labour ... and more » From Google News Search: "lessee"  kaktus.com 52px x 450px | 3.10kB [source page] no spam gif 13 Sep 2006 13 27 1 1K no spamsm gif 13 Sep 2006 13 27 1 4K notice by lessee of > 13 Sep 2006 13 54 3 1K notice of default gif 13 Sep 2006 13 26 3 2K  summitcommercialfinance.com 24px x 273px | 2.20kB [source page] 21 56 1 2K fin14 on jpg 17 Oct 2006 21 56 2 2K glossary jpg 22 Apr 2008 23 52 1 7K glossary on jpg 22 Apr 2008 23 52 2 5K lessee jpg 22 Apr 2008 23 52 2 2K lessee on jpg 22 Apr 2008 23 52 3 1K letter jpg 17 Oct 2006 21 56 2 2K letter on jpg From Yahoo Image Search: "lessee"  choicerealtyusa.com administrator Fri, 06 Nov 2009 03:31:47 GM A . lessee. may have difficulty getting approval to make property improvements on leased real estate. If the improvements substantially alter the property or reduce the potential range of uses, the lessor may be reluctant to permit them. ...  unusualmusic.over-blog.com unknown hu, 22 Oct 2009 16:41:00 GM Lessee. . One paper down. Two to go. And a Powerpoint presentation. And finals. And more tests. Whee. I love end of semester crunch. I do. Maybe now If I repeat that about a billion times I'll believe it. :)It's been wild misty recently, ...  two-tomatoes.info admin ue, 20 Oct 2009 21:44:14 GM (OTCBB: WNWG) announced today that Wentworth has entered into a six-month lease extension with their current . Lessee. on a 9000-acre deep well lease on Wentworth's 27557-acre mineral block in East Texas. The . Lessee's. current lease on the ... From Google Blog Search: "lessee" |
