demise

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Related to demised: demised premises

demise

1. Property law
a. a transfer of an estate by lease
b. the passing or transfer of an estate on the death of the owner
2. the immediate transfer of sovereignty to a successor upon the death, abdication, etc., of a ruler (esp in the phrase demise of the crown)
References in periodicals archive ?
The tenant is only entitled to exclusively use and occupy the part demised. Often the landlord will lease other parts of the building or facility to other tenants and reserve to itself and all tenants the right to use the common areas.
A meeting of the PAS held on Thursday to condole the sad demised of Nek Muhammad, father of Muhammad Abbas (Security Officer of Chief Justice Iftikhar Muhammad Chaudhry).
When entering into a commercial lease, the landlord typically expects that the tenant will occupy the demised premises for the entire lease term.