A lessee which refers to an individual or business that occupies a property which they do not own. They pay a fee to the owner in order to reside or operate a business in the residence or space.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser