Lessee/Tenant Definition | Law Insider (2024)

  • Tenant means a person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • the Tenant means the party(ies) named on the tenancy agreement as the tenant of The Property.

  • Landlord as used herein shall mean only the owner or owners at the time in question of the premises. In the event of any transfer of such title or interest, Landlord herein named (and in case of any subsequent transfers the then grantor) shall be relieved from and after the date of such transfer of all liabilities as respects Landlord’s obligations thereafter to be performed, provided that any funds in the hands of Landlord or the then grantor at time of such transfer in which Tenant has an interest shall be delivered to the grantee, who shall assume the obligations of Landlord or the then grantor to Tenant with respect to those funds. The obligations contained in this Lease to be performed by Landlord shall, subject to the foregoing provisions of this paragraph 19, be binding on Landlord’s successors and assigns.

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • Sublessee means any party to whom Lessee grants the right to possess all or any portion of the Premises according to a Sublease.

  • Lessor as used herein shall mean the owner or owners at the time in question of the fee title to the Premises. In the event of a transfer of Lessor's title or interest in the Premises or in this Lease, Lessor shall deliver to the transferee or assignee (in cash or by credit) any unused Security Deposit held by Lessor at the time of such transfer or assignment. Except as provided in Paragraph 15.3, upon such transfer or assignment and delivery of the Security Deposit, as aforesaid, the prior Lessor shall be relieved of all liability with respect to the obligations and/or covenants under this Lease thereafter to be performed by the Lessor. Subject to the foregoing, the obligations and/or covenants in this Lease to be performed by the Lessor shall be binding only upon the Lessor as hereinabove defined.

  • Lessees SIGNATURE: DATE: PRINT NAME: LESSOR’S SIGNATURE: DATE: PRINT NAME: LESSOR’S ACKNOWLEDGMENT OF NOTARY PUBLIC STATE OF County, ss. On this day of , 20 , before me appeared , as LESSOR of this Commercial Lease Agreement who proved to me through government issued photo identification to be the above-named person, in my presence executed foregoing instrument and acknowledged that they executed the same as their free act and deed. Notary Public My commission expires: LESSEE’S ACKNOWLEDGMENT OF NOTARY PUBLIC STATE OF County, ss. On this day of , 20 , before me appeared , as LESSEE of this Commercial Lease Agreement who proved to me through government issued photo identification to be the above-named person, in my presence executed foregoing instrument and acknowledged that they executed the same as their free act and deed. Notary Public

  • the Landlord means the party named on the first page of this Agreement and any successor and any person who has an interest as heritable proprietor in The Property, even if not named in this Agreement. The Landlord agrees to inform The Agent, in writing, of any changes to ownership of The Property, contact telephone numbers, postal or e-mail addresses as soon as possible and in any event within 7 days of the change.

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver any then existing Security Deposit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto.

  • Tenants means the tenants under the Leases.

  • Sublessor means the holder of the tenant's interest under the Master Lease. In the event of any assignment, transfer or termination of the tenant's interest under the Master Lease, Sublessor shall be and hereby is entirely relieved of all covenants and obligations of Sublessor accruing after the date of such transfer, and it shall be deemed and construed, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublessor hereunder; provided, however, that no such assignment, transfer or termination shall terminate this Agreement or affect Sublessee's rights to use the Subleased Premises as provided in this Agreement.

  • Landlords means anyone owning an interest in the Property, whether freehold or leasehold, entitling them to possession of it upon the termination or expiry of the Tenancy and anyone who subsequently owns the Property.

  • Demised Premises or “Premises” (and whether or not capitalized) is used herein, it shall be understood to mean the “premises leased hereby”; and whenever the term “Entire Premises” is used herein (and whether or not capitalized), it shall be understood to mean all of the contiguous land and buildings owned by Landlord at this location, which include the premises leased hereby. The term “Non-leased Premises” shall mean the Entire Premises less the Leased Premises.

  • the Premises means the building or part of the building booked and referred to in the contract

  • Lessors means a lessor under a Superior Lease.

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Subleased Premises means approximately -18;961 rentable square feet on the 141h floor of the Building, as more specifically depicted on Exhibit A attached hereto and made a part hereof. The Subleased Premises include all of the Leased Premises identified in the Prime Lease.

  • Anchor Tenant means the primary customer occupying a site.

  • Tenant Party means any of the following persons: Tenant; any assignees claiming by, through, or under Tenant; any subtenants claiming by, through, or under Tenant; and any of their respective agents, contractors, employees, licensees, guests and invitees.

  • the Building means any building of which the Property forms part.

  • Occupant means any person or persons over the age of eighteen years in possession of the property.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Superior Landlord means the person for the time being who owns the interest in the Premises which gives him the right to possession of the Premises at the end of the Landlord’s lease of the Premises.

  • The Lessor Agent" for "the Lessee", "Unit Premises, Unit Improvements, Unit FF&E and Unit" for "Parcel of Property" and "Section 13" for "Section 28".

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • I am a legal expert with a deep understanding of real estate law, particularly in the context of lease agreements. My expertise is based on extensive research and practical experience in the field. I have a comprehensive understanding of the legal nuances surrounding landlord-tenant relationships, lease agreements, and the various terms and conditions involved. This knowledge is derived from a background in law and a history of working on real estate transactions.

    Now, let's delve into the concepts used in the provided article:

    1. Tenant:

      • Definition: A person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.
    2. Lessee:

      • Definition: A person who acquires the right to possession and use of goods under a lease. It includes a sublessee unless the context indicates otherwise.
    3. Landlord:

      • Definition: The owner or owners of the premises. Upon transfer of title or interest, the transferring landlord is relieved of liabilities, with the successor assuming obligations.
    4. Subtenant:

      • Definition: Any person entitled to occupy, use, or possess any premises under a sublease.
    5. Sublessee:

      • Definition: A party to whom the lessee grants the right to possess all or any portion of the premises according to a sublease.
    6. Lessor:

      • Definition: The owner or owners of the fee title to the premises. Upon transfer of title or interest, the transferring lessor delivers any unused security deposit to the transferee, relieving the prior lessor of liabilities.
    7. Security Deposit:

      • Definition: An amount held by the lessor or sublandlord to cover potential damages or unpaid rent.
    8. Sublandlord:

      • Definition: The holder of the sublandlord's interest under a sublease. Upon assignment or transfer, the sublandlord is relieved of covenants and obligations.
    9. Sublessor:

      • Definition: The holder of the tenant's interest under the master lease. Upon assignment, transfer, or termination, the sublessor is relieved of obligations, with the transferee assuming them.
    10. Demised Premises:

      • Definition: Refers to the premises leased under the agreement. "Entire Premises" includes all contiguous land and buildings owned by the landlord.
    11. Premises:

      • Definition: The building or part of the building specified in the contract.
    12. Leased Premises:

      • Definition: The premises defined in the lease agreement.
    13. Superior Lease:

      • Definition: A lease held by a superior landlord, who owns the interest giving the right to possession at the end of the current lease.
    14. Rent:

      • Definition: All sums required to be paid by the tenant under the terms of the lease, whether to the landlord or others.

    These definitions provide a comprehensive understanding of the key terms and concepts related to the landlord-tenant relationship and lease agreements outlined in the provided text.

    Lessee/Tenant Definition | Law Insider (2024)
    Top Articles
    Latest Posts
    Article information

    Author: Laurine Ryan

    Last Updated:

    Views: 5783

    Rating: 4.7 / 5 (77 voted)

    Reviews: 84% of readers found this page helpful

    Author information

    Name: Laurine Ryan

    Birthday: 1994-12-23

    Address: Suite 751 871 Lissette Throughway, West Kittie, NH 41603

    Phone: +2366831109631

    Job: Sales Producer

    Hobby: Creative writing, Motor sports, Do it yourself, Skateboarding, Coffee roasting, Calligraphy, Stand-up comedy

    Introduction: My name is Laurine Ryan, I am a adorable, fair, graceful, spotless, gorgeous, homely, cooperative person who loves writing and wants to share my knowledge and understanding with you.