What does demise mean in a lease?

In a typical lease there are two types of terms: a primary term and a secondary term. The primary term is the length of time the tenant is required to pay rent, typically for a fixed amount. The secondary term is the remaining length of time the tenant has to continue paying rent, after the primary term has ended.

What does the word demise mean in a contract?

The word demise in a lease means the transfer of control of the leased property to the tenant. Sometimes this is referred to as transfer of possession. If the tenant is responsible for paying the rent, the landlord does not return control of the leased property to the owner until the tenant pays all outstanding debt and any damage to the property.

What does the word demise mean in a deed?

If you’re looking for a way to hold onto property, a deed of transfer can help. A deed of transfer is essentially an agreement between the owner of the property and the buyer of the property that states that the buyer will take title to the property in exchange for the payment of a sum of money and any other conditions stated in the deed. There are many variations on the deed of transfer, but all have one thing in common: When the deed is recorded, it legally conveys property

What does the word demise mean in a lease agreement?

If you’ve ever looked through a commercial lease agreement, you’ve likely come across the term “demise.” The word has a few different meanings in the context of a commercial lease. It can refer to the end of the lease period and when the tenant’s responsibilities will end (e.g., in the case of a month-to-month tenancy, the tenant will need to leave the property at the end of the month). It can also refer

What does the word demise mean in a real estate contract?

The term demise typically refers to the transferring of ownership from one party to another. In the context of a lease, demise can occur when the tenant (lessee) gives up control of the leased property to the lessor after the initial lease term has ended. A demise can also occur when the tenant (lessee) ends the lease early, requiring the lessor (or their agent) to re-enter the property and remove all of the tenant’s belongings.