Lessee

A lessee is one to whom a lease is granted.

If John leases a building to Mary, Mary is the lessee. In some cases, lessees can get some great advantages over buying like 100% financing at fixed rates, protection against obsolescence, flexibility, and with a capital lease, the ability to depreciate assets that you don’t legally own. Let’s say an airline that normally sells 100,000 tickets leases its airplanes. If a crisis occurs and they can only sell 40,000 seats, the company can give the leased planes back and not be saddled with high monthly payments for planes they aren’t using.

https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/lessee/