A tenant is a person who rents land or property from a landlord. The lessee is also known as the "tenant and must comply with specific obligations defined in the lease and by law. The lessee is also known as the tenant and must comply with the specific obligations defined in the lease and by law. The person who pays rent for the use of land or property and who has signed a lease (= a legal agreement) with the landlord.
The landlord is called the lessor. As nouns, the difference between lessee and lessor is that a lessee is one who rents (a property, etc.) while a lessor is one who rents a property to another. A lease may provide for the lessee to become the owner of the property at the end of the rental period, usually at the option of the lessee, upon payment of a nominal fee. Examples include the rental of immovable property (real property) for residential tenancy purposes (where the tenant rents a residence to live in), parking space for a vehicle or vehicles, storage space, entire properties or portions thereof for commercial, agricultural, institutional or governmental use, or other reasons.
And, therefore, the term tenant should be used more as business information that evolves along with the common culture. I think a reasonable distinction between the two parties involved would be the owner and the lessee. The rental of movable or immovable property for periods longer than one year, which is governed by the signing of a lease contract, is known as leasing. Renting, also known as leasing or renting, is an agreement in which payment is made for the temporary use of a good, service or property of another.
Instead of using tenant and lessee, the terms used may be, for example, landlord and customer, with the definition at the beginning of the document clearly stating that for the remainder of the document, the term Landlord will be used for persons renting things and the term Customer will be used for persons renting things from Landlords. When real estate is rented, the person(s) or party(ies) living in or occupying the real estate is usually called the tenant, who pays rent to the owner of the property, who is usually called the landlord (or landlady). Individuals and companies that regularly rent property from a particular company usually have an account with that company, which reduces the administrative procedure (transaction costs) on each occasion. The use for a period of time of movable or other so-called personal property is covered by general contract law, but the term lease is nowadays also extended to long-term rental contracts for more expensive non-real property, such as cars, boats, aeroplanes, office equipment, etc.
Free thesaurus definition of persons who own or rent property from the Macmillan English Dictionary - a free online English dictionary with thesaurus and with pronunciation from Macmillan Education. The person who collects the rent is the landlord and the person who pays the rent is the tenant (renter). If you own a house and rent a room to someone else, you are the landlord, the landlady, the landlady, the landlady, the renter (not the tenant) and the landlord.