Definitions for "Co-lessee"
A partner in a lease taken.
An individual who signs the lease with another individual or company and is responsible for compliance with the lease terms in the event the lessee does not fulfill his or her obligations. A co-lessee may be utilized to help obtain credit approval or simply to put two people such as a husband and wife on a lease together. See also Lessee.
a lessee in addition to the main lessee in an equipment lease