👉 Lesseeship is a term used in maritime law and international trade. It refers to a type of contract between two or more parties, where one party (the lessee) leases property or rights from another (the lessor). The purpose of this arrangement is to allow the lessee to use the property or rights for a certain period without the obligation to pay rent or other financial obligations.
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What is the definition of Lessees? 🙋
👉 Lessee in English means a tenant or owner of property. This is often used to describe someone who has a lease agreement with a landlord, indicating that they are responsible for paying rent and maintaining possession of the property.
