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Demise had a broad historic definition in real estate law.
Its technical meaning is to convey land by deed to another for a limited time period. That grantee would not acquire the fee. The grantor retains the fee. The "demised premises" is generally taken to mean the premises are leased.
In its broadest use demise can also mean to convey land in fee or for life. However, that form isn't used often in that context.
Demise can also mean to transfer title to land by will or succession. However, the word generally used to denote that type of transfer is devise.
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