A person who rents property from another and pays money for it
Examples:
The lessee must maintain the property during the lease.As lessee, it's your duty to pay rent on time.A lessee should report any major repairs needed.
Synonyms:
Antonyms:
Lessor
/leˈsɔː/
A person or company that leases or rents property to someone else.
Examples:
The lessor agreed on a three-year lease term.Our building lessor is responsible for maintenance.A lessor must provide notice before rent increase.
Synonyms:
Antonyms:
Ways to tell them apart:
Lessee and lessor are opposite roles in a lease agreement; remember ee in lessee relates to the participant receiving the action, such as employee or payee.
To distinguish them, remember that lessor is similar to vendor, both of which are parties granting something to another.
Another way to keep them straight is to focus on the double s in lessor linking it to sell, since a lessor allows the lessee to use an asset for payment.
Lessee has the vowel e repeated, think of it as entry, reflecting their use of the property.
Think of the or in lessor as ownership, since the lessor maintains ownership during the lease.