General Real Estate
Lessee
The person or entity that holds property rights under a lease.
Applies in:Noida, Greater Noida, YEIDA
Detailed Explanation
A lessee is the person or entity that receives the right to occupy or use a property under the terms of a lease. In authority-allotted leasehold property, the allottee or subsequent transferee may become the lessee subject to applicable documentation and conditions.
Related Terms
This definition is provided for general informational purposes only and is not legal, financial or tax advice. Property rules and authority policies can change — verify current requirements with the relevant authority or a qualified professional.