the lessee has the right to expect the lessor to make all necessary repairs in a timely manner
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The Inflation Reduction Act that put the kibosh on so many models’ eligibility also extended them to commercial fleets (which in this case includes automakers’ captive financing arms) that are allowed to claim the tax credit without limitations and pass all or part of it along to lessees.—Jim Gorzelany, Forbes, 12 Mar. 2025 When combined with another $15,000 in savings and incentives for lessees, Tesla owners can get up to $20,000 to switch to a Polestar 3.—Emily Forlini, PCMAG, 3 Mar. 2025 Exceeding the total allowed miles at the end of the term will subject a lessee to a penalty that’s typically between 15 and 30 cents per mile.—Jim Gorzelany, Forbes, 19 Feb. 2025 At the end of the term the lessee can simply hand the car or truck back to the dealership (typically along with a small disposition fee) and walk away without having to worry about haggling over a trade-in value or initiating a private-party sale.—Jim Gorzelany, Forbes, 19 Feb. 2025 See All Example Sentences for lessee
Word History
Etymology
Middle English, from Anglo-French, from lessé, past participle of lesser to lease — more at lease
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