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I believe that it is referencing the land being leased.
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∙ 13y ago
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What is mean by leasehold premises?
A leasehold premises is a property that is held by a lease. The occupants can remain on the property and in possession until the lease has expired.
What does demised premises mean?
rented space
What is a commercial lease?
a written agreement concerning a piece of property used as a bussiness
What is the definition of the phrase net lease?
One will find that the definition of the phrase net lease is something that is most commonly associated with commercial real estate. A net lease is a form of pass through lease. One example would be where the taxes are associated with the said property.
Do you have to pay rent if you have no lease?
Yes and no. If you are a renter the lease is there to protect YOU. If you don't have a lease then you have no rights to the property at all, the landlord doesn't even need a reason to kick you out. So long story short... only if you want to live there.
What is the meaning to say demised premises in lease agreement?
the part that you rent
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.
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.
What happens to a written lease agreement when the land owner conveys the land to another person?
If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.
What to do if there is a lease agrement and the owner dies and there is no will and liens on the property?
If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.
Is a lease valid if owner turns property over to a property manager?
Yes. As long as that is not prohibited in the lease.
Can one owner lease out property that is jointly owned?
No. All the owners would need to consent to the lease by signing it. If all the owners of the property, or their duly appointed agent, didn't sign the lease it would not be a valid lease. All the undivided interest owners have the right to the use and possession of the whole property but one owner cannot encumber the whole property.A lease signed by only one of the owners of the property is not binding on the other owners. The tenant would not have their permission to lease their property.
Can a tenant come back 2 months later and dig up her plants?
No. Plants in the ground fall into the area of "leasehold improvements" and therefore become part of the real property covered by the lease - known as the "demised premises." As such, plants which are IN the ground have the same legal status as a fence and become the property of the owner rather than thenant, and they cannot be removed without the owner's permission.
What is mean by leasehold premises?
A leasehold premises is a property that is held by a lease. The occupants can remain on the property and in possession until the lease has expired.
Who owns the lease of a property?
The ownership of a lease typically lies with the person or entity that holds the lease agreement, also known as the lessee. The lessee is granted the right to possess and use the property for a specific period of time as defined in the lease agreement. The owner of the property, known as the lessor, retains legal ownership but grants certain rights to the lessee for the duration of the lease.
Can a co-independent executor lease a property by themselves?
I am a joint executor of a property that has been left to me and my sister in our mothers will. Are we qualified to rent out this property on lease, without the need to transfer ownership.
Can an American get lease a property in India?
I think no
