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Demise means transfer of property by a lease or will.
In law, the term demise is used to describe a property that you decide to rent to someone for a specific period of time, or a legal agreement through which you rent, give or leave someone a property through a will. Another legal term used in real estate today is demised premises.
The demising clause establishes the precise square footage or the premises physical extent the tenant will lease from the landlord and the leases duration. Typically, you can find demised premises in property deeds. The extent of a demised premises can contain various building sections, such as basements and lofts.
A use clause can be either a restriction on how you do businesstelling you what you cant door a prescription, telling you what you must do. In general, youll want to avoid strict restrictions on your use of the rented space, so count yourself lucky if the landlords lease doesnt include a use clause.
An exclusive use provision essentially allows a tenant to use its premises for an intended specific use (for example, as a restaurant, sale of electronics, or sale of mens and womens clothing), and restricts other tenants in the shopping center from using their premises for the same or a similar use.
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A use clause can be either a restriction on how you do businesstelling you what you cant door a prescription, telling you what you must do. In general, youll want to avoid strict restrictions on your use of the rented space, so count yourself lucky if the landlords lease doesnt include a use clause.
In law, the term demise is used to describe a property that you decide to rent to someone for a specific period of time, or a legal agreement through which you rent, give or leave someone a property through a will. Another legal term used in real estate today is demised premises.
The demising clause establishes the precise square footage or the premises physical extent the tenant will lease from the landlord and the leases duration. Typically, you can find demised premises in property deeds. The extent of a demised premises can contain various building sections, such as basements and lofts.
Demised Space means the portion of the Property in which a Subtenant has an interest pursuant to a Sublease, including, without limitation, any portion of the Lobby Sublease Space.
Demised Space means the portion of the Property in which a Subtenant has an interest pursuant to a Sublease, including, without limitation, any portion of the Lobby Sublease Space.

demising clause in a lease