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Get the Demise - Definition and More from the Free Merriam-Webster Dictionary

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Visited on 1/3/2014Demise Definition and More from the Free Merriam-Webster DictionaryQuizzes & Password of the DayVideoNew Worship://www.merriamwebster.com/dictionary/demiseMy Favorites! Spanish
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Demise, also known as a lease, is the transfer of property from one party to another for a specific period of time.
Typically, the landlord or owner of the property is required to file the demise or lease agreement.
Demise or lease agreements can be filled out by including the details of the parties involved, the duration of the lease, and any specific terms or conditions.
The purpose of demise or lease agreements is to outline the terms and conditions under which the transfer of property will take place.
The demise or lease agreement must report the names of the parties involved, the description of the property, the duration of the lease, and any specific terms or conditions.
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