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What are the demised premises in a shopping center lease?
"Demised" means transferred by lease or otherwise for a limited time "premises" means a tract of land including its buildings or a building together with its grounds or other appurtenances.
What does demised premesis mean?
Demised premises refer to a specific property or space that is leased or rented to a tenant under a lease agreement. This term typically outlines the boundaries of the property being leased, including any structures and land associated with it. The tenant gains exclusive rights to occupy and use the demised premises as stipulated in the lease, while the landlord retains ownership of the property.
Is it proper to say demised premises instead of leased premises?
According to Webster's New World Dictionary the word demise means death, so it's doesn't make sense to the average person to see the term "demised property" referred to in a lease. Lawyers love to use "legal" sounding language in everything they do, but this is "old school, and is going the way of the dinosaur.
Is it proper to say the demised premises is or the demised premises are?
In a Lease agreement for a Building being constructed, it may say:'said premises and the building and other improvements thereon, upon completion of construction, are hereinafter called the "demised premises".'Etymology and usage: 'Premises' is from Medieval Latin praemissa, a plural word, meaning the "things mentioned before" and was used in legal documents. In Middle English, premises was defined as being "that property, collectively, which is specified in the beginning of a legal document and which is conveyed, as by grant, …". In due course premises was also legally extended to mean "a house or building with its grounds or appurtenances," a usage which was recorded before 1730.In a general sense today, premises means a piece of land together with the building(s) on it, or even just a building with all its parts. Therefore the word 'premises' is always plural when used in this way.
What is the meaning of demised property in a lease?
I believe that it is referencing the land being leased.
What is leased premises?
You can say either (or 'leasehold premises'). Best avoid 'demised premises' when used in a lay sense however, for the reason mentioned in the question and also because it is an unnecessarily technical term for other than legal reasons. (Solicitor)
What is leasehold in balance sheet?
Leasehold means all premises acquired on lease agreement to be used in business for revenue generation.
What happens when a landlord asks a tenant to vacate?
If there is no lease involved, and there are no violations of the terms of the lease or agreement, the landlord has to give at least 30 days of notice before the next rent is due, for the tenant to vacate the premises. If there is a lease involved and there are no violations of the terms of the lease, the landlord must wait until the end of the lease term in order to ask tenant to vacate the premises. If the tenant does not vacate the premises after proper notice is given that the landlord must initiate eviction proceedings to force the tenant out
Is A lease as good as agreement to lease?
A lease in itself, is an agreement to lease. All the same.
What is the English meaning of Malayalam word 'patta-karar'?
land lease agreement
What does non-demised mean?
"Non-demised" refers to property or space that is not leased or rented out to a tenant. In a real estate context, it typically indicates areas that remain under the control of the property owner and are not included in a tenant's lease agreement. This term is often used to clarify responsibilities for maintenance, access, and use of certain areas within a property.
What is the legal position when a lease for premises is unsigned?
When a lease for a premises is unsigned, the person leasing the property is not under any legal obligation. This means that the person who owns the premises will have to have the person evicted if he or she refuses to move or sign a lease.
