A lessee, also known as a lessee, is a person, company or entity that enters into a lease agreement with a lessor or leasing company. The lessee has the right to use a vehicle for a specified period of time in exchange for periodic lease payments to the lessor.
The lessee is responsible for fulfilling the obligations and conditions agreed in the lease agreement, including paying the periodic lease payments and caring for the asset in accordance with the agreed terms.
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