Crossword Genius

Tenant not having so many points (6)

Ross

I believe the answer is:

lessee

I'm a little stuck... Click here to teach me more about this clue!

'tenant' is the definition.
(I know that lessee is a type of tenant)

'not having so many points' is the wordplay.
I cannot quite understand how this works, but
'not' could be 'less' (I've seen this in other clues) and 'less' is found in the answer.
'points' could be 'ee' (an abbreviation for a compass point written twice) and 'ee' is located in the answer.
No letters remain.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for lessee that I've seen before include "Who pays the rent" , "Contractor" , "Person who holds building on contract for specified time" , "One granted temporary use of property" , "The one taking out lease" .)

I've seen this clue in The Globe and Mail.
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