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Commonly Asked Questions about Tenant Leases

A fixed-term lease is great for landlords and tenants because they both can predict and rely on the fixed rental cost every month. Its still possible to cancel a fixed-term lease, however, the tenant may end up paying a penalty for breaking the agreement.
Lessee meaning For example, if a car dealership leases a vehicle to someone, the car is the asset. The person renting the car is the lessee and the dealership is the lessor. The lessee pays the dealership, or lessor, for the right to use the vehicle for an agreed-upon amount of time.
Tenant Lease means any lease, sublease or other similar occupancy agreement for any portion of a Borrowing Base Property.
Legal Definition lessee. noun. les​see le-ˈsē : a person who has possession of real or personal property under a lease. specifically : a tenant of real property under a lease.
The term lessee is more commonly used in formal or legal contexts, including both real estate and equipment leasing. Renter or tenant is often used in more casual, everyday language, typically referring to someone leasing residential property. Lessee, renter, and tenant have essentially the same meaning.
A lessee is a person who rents land or property from a lessor. The lessee is also known as the tenant and must uphold specific obligations as defined in the lease agreement and by law. The lease is a legally binding document, and if the lessee violates its terms they could be evicted.
A renter is someone who rents a property. All of the rights of the renter are spelled out in the rental agreement or lease, but no right of ownership is implied by the term. But a tenant is someone who has some legal right to a property that includes the right of occupancy but may also include ownership rights.
This rental law in the Philippines covers housing units with a monthly rent of up to PHP 10,000 in Metro Manila and other highly urbanized cities nationwide. Particularly, the following rental properties are covered by the Rent Control Act: Apartments. Boarding houses, bedspaces, dormitories, and rooms for rent. Rental Law in the Philippines: Know Your Rights As Tenant - Moneymax moneymax.ph personal-finance articles moneymax.ph personal-finance articles