The act of transferring property through a lease or will; the process of conveying ownership or use rights.
Present participle of 'demise,' from Old French origins. The gerund form is used primarily in legal and real estate contexts.
Real estate lawyers love this word because 'demising a property' sounds more sophisticated than 'renting it out'—it's a perfect example of how old legal terminology survives in modern business because tradition feels authoritative.
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