Leasing License Practice Exam

In a lease agreement, who is the lessee?

1. The owner of the property

2. The landlord's representative

3. The tenant of record

4. The real estate agent

The correct answer is: The tenant of record

In a lease agreement, the lessee is defined as the tenant of record, which is the individual or entity that has the right to use and occupy the leased property as per the terms outlined in the lease. The lessee is essentially the party that agrees to pay rent and adhere to the lease conditions in exchange for the property owner's permission to use the space. The lessee's responsibilities typically include paying rent on time, maintaining the property, and following any rules established in the lease agreement. This role is crucial, as the lessee is the primary occupant and is legally bound by the lease terms. In contrast, the owner of the property refers to the lessor, or landlord, who grants the lease rights to the lessee. The landlord's representative is usually someone who acts on the landlord's behalf, like a property manager or a leasing agent, rather than being directly involved in the occupation of the property. Finally, a real estate agent is responsible for facilitating the leasing process but does not occupy the property. This further solidifies the definition of the lessee as the tenant of record, who directly engages with the lease agreement.