noun

lessee

leh-SEE/leˈsiː/

A person or organization that rents property under a lease.

The lessee receives the keys to the rented property.

Tenant receives keys to rented property.

Etymology

From a verb meaning “to let or leave,” this participial formation names the receiving party: the person to whom a lease is given.

In context

Chronicle - Medieval History Documentaries36:05

by leasing the land out and when you lease it out whether or not it's a formal minorial structure certainly the lessee he's going to think of himself like that he's got a farm

Is The Lost Manor Of Fountains Abbey Buried Under This Field In Yorkshire? | Time Team | Chronicle

More examples

The company is the lessee of two delivery trucks.
The lease requires the lessee to carry insurance.
Both lessees sign the agreement before moving in.

Forms

lessee · lessees

lease noun — A contract granting temporary use of property.

lessor noun — A party that rents property to others.

Similar words

renter: Renter is broader and need not imply a formal lease.
tenant: Tenant usually refers to someone occupying rented land or buildings.