Definition of lessee
: 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 of lessee from the Web
When Apple received its license to test three autonomous vehicles from the state's DMV in April, the documents listed Donlen as the lessor and Apple as the lessee.
Under the accords, any funds left over will be paid, up to $500 each, to vehicle owners or lessees.
Internal Revenue Service rules restrict the credits from being used in most cases where a tax-exempt lessee is able to exercise a purchase option at a fixed acquisition price, rather than at fair market value.
The class-action suit by owners or lessees of more than 705,000 GM Duramax diesel trucks argues that the vehicles passed U.S. inspections despite spewing emissions two to five times the legal limit.
Owners and lessees of more than 705,000 GM Duramax branded diesel trucks filed a class-action lawsuit Thursday, claiming GM installed defeat devices in two models of heavy-duty trucks from 2011 to 2016.
Toyota Motor Corp., Subaru Corp., Mazda Motor Corp. and BMW AG reached a collective $553 million settlement with current and former owners and lessees of 15.8 million vehicles to address lagging repairs and...
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'lessee'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
LESSEE Defined for English Language Learners
Definition of lessee for English Language Learners
law : a person who has an agreement that allows the use of a car, house, etc., for a period of time in exchange for a payment : a person who has a lease on something
Legal Definition of lessee
: a person who has possession of real or personal property under a lease; specifically : a tenant of real property under a lease
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