demise

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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.