These regulations cover things like disposal of hazardous materials, required personal safety equipment such as safety goggles, permitted noise levels and fall protection. OSHA inspects workplaces to ensure theyâre following all regulations to reduce chances of accident or injury.
lessee. n. 1. (Law) a person to whom a lease is granted; a tenant under a lease. [C15: via Anglo-French from Old French lesse, lessÃ© from lesser to lease ]. 1
A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased. Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee. The lessor is the legal owner of the asset; the lessee obtains the right to use the asset in return for regular rental payments.