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Responsibilities of lessee during lease period

What is Lessee?

by anney on September 28, 2009 · 0 comments

in Mortgage Basics

The party in a business transaction that contracts to make use of property or equipment for a specific amount of time is referred to as the lessee. The terms and conditions documented in a lease agreement govern the transaction. In return for the privilege of using the equipment or property for the duration of the lease, the lessee agrees that…