Lessee

"A lessee is an entity that contracts to make rental payments to a lessor in exchange for the use of an asset. The manner in which a lessee can use a leased asset may be restricted, based on the terms of the lease agreement. A lessee is a person who rents land or property from a lessor. A lessee is also known as the “tenant” and must uphold specific obligations as defined in the lease agreement and by law."