Definition
A "lessee" is an individual or entity who rents property from a lessor under a lease agreement. They obtain the right to use the property for a specific duration in exchange for rent. The lease document outlines the terms, rent amount, length, and obligations of both parties. Think of it like renting an apartment π or a car π, but with a formal contract. Lessees must adhere to the lease terms. They have certain rights, like quiet enjoyment of the property. Understanding the lease is essential for a successful tenancy.