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The term demised premises means the space or the property let to a tenant under a lease agreement. In the context of leasehold property ownership, it means the property owned by the leaseholder. The word demise comes from the Latin verb dimittere, meaning to send away.

The demise of something or someone is their end or death. [formal] ...the demise of the reform movement. Smoking, rather than genetics, was the cause of his early demise. Synonyms: failure, end, fall, defeat More Synonyms of demise.

DEMISE Definition & Legal Meaning To convey or create an estate for years or life; tolease. The usual and operative word in leases: ?Have granted, demised, and to farm let,and by these presents do grant, demise, and to farm let.? 2 Bl.

The transfer of ownership of estate or property is the common practice that started long back. People transfer their ownership of a property and some other people buy such ownership either permanently or on rent for fixed period of time. Demise is a term that defines one such transfer of ownership of a property.

In property law, 'demise' means to transfer by lease. The phrase 'demised premises' generally refers to premises that have been transferred by lease, as opposed to the 'retained parts' which are not transferred but are retained by the landlord.

In property law, the covenant of quiet enjoyment is an implied term in every lease that the tenant shall have quiet and peaceful possession of the leased premises against the lessor. The covenant ensures that the landlord is bound to refrain from action which interrupts the tenant's beneficial enjoyment.

Some things that qualify as tenant improvements include walls, HVAC, electric, plumbing, paint, carpets, windows or doors, among other hard and soft costs. What tenant improvements do not include, though, are miscellaneous expenses specific to an individual tenant's needs.