What Is a Lessee?

The lessee, also called the lessee, refers to the party that uses the leased property in the lease contract and pays the rent to the other party in accordance with the contract. Its main contractual obligations are: (1) to pay rent to the lessor according to the agreed amount and term; (2) to properly protect the leased property and use it properly according to the agreed purpose; (3) to return the leased property in a timely manner when the lease relationship is terminated. Its main right is to own and use the leased property on a contract basis. When the transfer of ownership of the leased property occurs during the term of the lease contract, the contractor's contractual rights remain valid for the new owner. ^[1]

lessee

The lessee is also called the lessee, which means

The lessee can be referred to as the "lessor" directly. For example, a property owner owns some specific areas owned by him, such as a stall, a storefront, a commercial place, or a residential building.

The lessee leases the leased asset to a third party during the lease term

(1) The lessee shall pay the rent according to the agreed amount and time limit. If the lessee fails to perform this obligation, the lessor has the right of recourse;

Although there is no statutory priority lease right in China, the Principles of Honesty and Fairness are stipulated in the General Principles of Civil Law ^[2] and the Contract Law ^[3] . This is the basic principle of civil law and it has a certain degree of binding force on equal subjects. In the case where the parties have not agreed on the priority of the lease, the principles of good faith and fairness give the judge a certain degree of discretion, and also provide a legal basis for his decision to limit the lessor's ownership.