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In a lease agreement, the lessor is the person or party that issues the lease (allows the property to be rented), and the lessee is the person that the lease is granted to (the person paying rent to use the property).

Lease agreements can be for any length of time. When you choose printer leasing, or to lease a photocopier, you pay a monthly fee for a pre-determined contract term. The shorter the contract, the higher the monthly rental fee.

A lease is a fixed monthly payment over a pre-arranged time period that includes the price of the equipment and sometimes, a monthly service agreement for parts, labor, and toner. The service contract can also be a separate piece, but you can discuss this option internally and with your chosen equipment provider.

What Is a Lessee? A lessee is a person who rents land or property from a lessor. The lessee is also known as the ?tenant? and must uphold specific obligations as defined in the lease agreement and by law. The lease is a legally binding document, and if the lessee violates its terms they could be evicted.

A lessee is defined as the entity paying for the use of specific property from a lessor. For example, if a person leases a vehicle from a car dealership, the person using the car is the lessee. Conceptually, the lessee is paying the lessor for the ?right to use? the asset.

For example, if a car dealership leases a vehicle to someone, the car is the asset. The person renting the car is the lessee and the dealership is the lessor. The lessee pays the dealership, or lessor, for the right to use the vehicle for an agreed-upon amount of time.

A copy of your lease should have been given to you by your solicitor when you purchased your home, but here are other ways to get a copy of your lease: Apply at the Land Registry - The quickest and easiest way to get a copy of your lease is from the Land Registry.

A legal term, 'lessee' is used to define a person who uses a building or an area of land on a lease. He is different from a tenant in the sense that a tenant pays rent for the use of a room, building or land to the owner of the property. So, it is the lease that makes all the difference between a tenant and a lessee.

Landlords must deal with their tenants fairly and in good faith under California law. This means that they can only obtain confidential information with the consent of the tenant, and this information must only be used for the purpose given to the tenant.

You can find out if your ownership is leasehold or freehold in the legal documents from when you bought the property. If you can't find them, you could look up your property via Land Registry. Generally, flats in London are sold on a leasehold basis and most houses are freehold.