A lessee is a person or entity that leases or rents property from another party, known as the lessor. This arrangement allows the lessee to use the property, such as an apartment, car, or equipment, for a specified period in exchange for regular payments. The terms of the lease, including duration and payment amounts, are outlined in a legal agreement. Lessees have certain rights and responsibilities under the lease agreement. They must maintain the property and adhere to the terms set by the lessor. At the end of the lease term, the lessee typically returns the property to the lessor unless they choose to purchase it or renew the lease.