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What does demised property mean?

What does demised property mean?

Full question:

What exactly is meant by "demised property"?

Category: Courts
Subcategory: Legal Definitions
Date: 04/07/2025
State: National

Answer:

Demised property refers to property that is transferred upon someone's death, usually according to a will.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

What is the difference between lease and demise?

A lease is a contractual agreement where a landlord allows a tenant to use property for a specified period in exchange for rent. Demise, in this context, refers to the transfer of property rights, often used in legal documents to indicate the granting of a leasehold interest. Essentially, while a lease is the agreement, the term 'demise' describes the act of granting that interest.

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