Tenant (AKA Lessee)
What does it mean
A Tenant (Lessee) is a person/entity who is granted access to an asset by a Landlord (Lessor) for a set period of time as long as periodic payments are made by the Tenant.
Why does it matter
The Tenant/Landlord relationship is a very common agreement in business; so it is best to understand the terminology because it will come up frequently.
Real Estate Leases can come in 3 common flavors:
Other Relevant Terms
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