Demised financial definition of demised
demise (redirected from demised)
Also found in: Dictionary
Related to demised: demised premises
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
Q What does demised
premises mean on the deeds of my house?
to any portion of the building or the demised
Paragraph 13 of the REBNY lease (also known as the "Access to Premises" clause) provides that the "Owner or Owner' s agents shall have the right (but not be obligated) to enter the demised