Demise vs. Lease — What's the Difference?

Often implies a transfer due to death.

Specifies terms, duration, and payment.

Can indicate the granting of a lease.

Allows use without ownership transfer.

Involves broader property rights transfers.

Covers various assets, from real estate to personal property.

Historically, related to sovereignty or estate transfers.

Can be renewed or terminated based on the agreement.

The transfer of property through a will or lease.

A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased.

Demise is an Anglo-Norman legal term (from French démettre, from Latin dimittere, to send away) for the transfer of an estate, especially by lease. It has an operative effect in a lease, implying a covenant "for quiet enjoyment."The phrase "demise of the Crown" is used in English law to signify the immediate transfer of the sovereignty, with all its attributes and prerogatives, to the successor without any interregnum in accordance with the maxim "the Crown never dies." At common law the death of the sovereign eo facto dissolved Parliament, but this was abolished by the Representation of the People Act 1867.

A contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment

Death.

Grant (property) on lease; let

The end of existence or activity; termination

A contract granting use or occupation of property during a specified period in exchange for a specified rent or other form of payment.

(Law) Transfer of an estate by lease or will.

The term or duration of such a contract.

The transfer of a ruler's authority by death or abdication.

To grant use or occupation of under the terms of a contract.

(Law) To transfer (an estate) by will or lease.

To get or hold by such a contract.

To transfer (sovereignty) by abdication or will.

An interest in land granting exclusive use or occupation of real estate for a limited period; a leasehold.

(Law) To be transferred by will or descent

An interest granting exclusive use of any thing, such as a car or boat.

To die.

The contract or deed under which such an interest is granted.

(legal) The conveyance or transfer of an estate, either in fee for life or for years, most commonly the latter.

The document containing such a contract or deed.

Transmission by formal act or conveyance to an heir or successor; transference; especially, the transfer or transmission of the crown or royal authority to a successor.

The period of such an interest.

(countable) Death.

An open pasture or common.

(countable) The end of something, in a negative sense; downfall.

The place at which the warp-threads cross on a loom.

To give.

To grant a lease as a landlord; to let.

To convey, as by will or lease.

To hold a lease as a tenant.

To transmit by inheritance.

(transitive) To gather.

To pass by inheritance.

(transitive) To pick, select, pick out; to pick up.

(intransitive) To die.

(transitive) To glean.

Transmission by formal act or conveyance to an heir or successor; transference; especially, the transfer or transmission of the crown or royal authority to a successor.

(intransitive) To glean, gather up leavings.

The decease of a royal or princely person; hence, also, the death of any illustrious person.

To tell lies; tell lies about; slander; calumniate.

The conveyance or transfer of an estate, either in fee for life or for years, most commonly the latter.

To release; let go; unloose.

To transfer or transmit by succession or inheritance; to grant or bestow by will; to bequeath.

To gather what harvesters have left behind; to glean.

To convey; to give.

To grant to another by lease the possession of, as of lands, tenements, and hereditaments; to let; to demise; as, a landowner leases a farm to a tenant; - sometimes with out.

To convey, as an estate, by lease; to lease.

To hold under a lease; to take lease of; as, a tenant leases his land from the owner.

The time when something ends;

The temporary transfer of a possession to another person in return for a fee or other valuable consideration paid for the transfer;

The contract for such letting.

Any tenure by grant or permission; the time for which such a tenure holds good; allotted time.

Property that is leased or rented out or let

A contract granting use or occupation of property during a specified time for a specified payment

The period of time during which a contract conveying property to a person is in effect

Let for money;

Hold under a lease or rental agreement; of goods and services

Grant use or occupation of under a term of contract;

Engage for service under a term of contract;

A contract for renting property, land, or equipment.

Demise refers broadly to the transfer of property rights, often by death or lease, while a lease is a specific agreement for using property for a period.

Upon the owner's demise, property may be transferred to heirs or specified parties through a will or succession laws.

In legal terms, leasing can be considered a form of demise regarding the transfer of property use rights, but demise also covers other forms of property rights transfer.

Yes, demise often implies the transfer of rights or property upon death, especially in legal contexts.

Demise in the context of inheritance involves the permanent transfer of property rights to heirs upon the owner's death.

A lease binds both lessor and lessee to its terms, including use, payments, and duration, enforceable by law.

A lease can be terminated based on its terms, through mutual agreement, or at its expiration, among other conditions.

A lease is a contractual agreement where the lessor allows the lessee to use property or equipment for a specified time in exchange for payment.

Yes, a lease can impact property value, depending on its terms, duration, and the nature of the leased property.

A valid lease typically requires a written agreement, clear terms, the consent of both parties, and adherence to legal standards.

Yes, a lease is a legally binding agreement that specifies the rights and obligations of both the lessor and lessee.

Yes, commercial properties can be demised to tenants through lease agreements or transferred through wills.

Property rights can be transferred through demise via legal documents such as wills or lease agreements, following applicable laws.

To demise property to someone means to transfer property rights to them, either through leasing or upon death.

While commonly associated with real estate, demise can also refer to the transfer of other property rights or sovereignty.