Relessee is a compound word made up of the prefix "re-" and the word "lessee." The pronunciation of "relessee" is /rɪˌlɛsi/. The prefix "re-" means again or back, and the word "lessee" refers to a person who rents or leases property from another. Therefore, "relessee" refers to a person who is leasing a property again after having previously leased it. This word is spelled as "relessee" with two "e's" between "l" and "s."
A relessee is an individual or entity who is given the right to lease or rent a property or asset from another party, referred to as the lessor. The relessee assumes the responsibility to make regular payments, known as rent or lease payments, to the lessor for the agreed-upon duration of the lease contract. By entering into a leasing agreement, the relessee gains temporary possession and usage of the property or asset while the lessor maintains the legal ownership.
The term relessee is typically used in the context of real estate, where it refers to a tenant or occupant who leases a property, such as an apartment, house, or commercial space, from a landlord or property owner. The relessee agrees to abide by the terms and conditions set forth in the lease agreement, including payment of rent, maintenance of the property, and adherence to any restrictions or regulations. The relessee may further negotiate specific terms with the lessor, such as lease duration, rent increases, and the inclusion or exclusion of certain amenities or services.
In summary, a relessee is an individual or entity who obtains the right to possess and use a property or asset in exchange for regular payments to the lessor, as established in a leasing agreement. This term is commonly used in the realm of real estate to denote the tenant or lessee of a leased property.
The person to whom a release is executed.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The term "relessee" is formed by adding the prefix "re-" to the word "lessee". To understand the etymology of "relessee", we should first look at the origin of "lessee".
The word "lessee" comes from the Old French term "lesse" which means "one who leases". This word is derived from the Latin word "locare" meaning "to let or lease".
The prefix "re-" in English usually denotes repetition or reversal. In the case of "relessee", it indicates a repetition or renewal of the act of leasing. The prefix "re-" has its roots in Old English and can be traced back to the Germanic language group.
Therefore, the etymology of the word "relessee" can be understood as a combination of the Latin root "locare" (lease) and the Old English prefix "re-" (repetition or renewal).