demise

Demise means transfer of property by a lease or will. 

This case from California, explains that the word demise when used:

• As a noun, means: 
  • a lease for a term of years; 
  • a conveyance in fee, for life or years; 
  • the conveyance of an estate, either in fee or for life or for years, most commonly the latter.
• As a verb it means to lease for a term of years.

Demise also refers to the death of a person or the end of a thing, such as “demise of a corporation.” 

[Last reviewed in July of 2021 by the Wex Definitions Team]

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