demise

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Related to demised: demised premises

demise

A transfer of an interest in real property for a certain number of years,for life,or at will.This is why leases often refer to “the demised premises.”The use of the word demise in an instrument automatically triggers the grantor's liability for the warranty of quiet enjoyment.

References in periodicals archive ?
Courts have expressly restricted the Article 9(e) waiver of subrogation clause to claims of destruction to the demised premises, and have further held that the waiver of subrogation did not apply to a claim based on damage to the tenant's property caused by the owner's negligence.
Specifically, the lease provided that landlord was permitted to "make such decorations, repairs, alterations, improvements or additions as [landlord] may deem necessary or desirable either to the Hotel or the demised premises" and that "the rent shall in no way abate while the decorations, repairs, alterations, improvements or additions are being made and [landlord] shall not be liable to [tenant] by reason of loss interruption of the business of [tenant] because of the prosecution of any such work or otherwise.
Nevertheless, standard [paragraph] 13 does not permit landlord to diminish, by such renovations, the actual size of the demised premises.