This office lease clause is a fairly aggressive clause dealing with reentry and continuing access to the demised premises. This form covers several practical issues.
New York Aggressive Clause Dealing with Reentry and Continuing Access to the Demised Premises
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US-OL1502
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FAQ
A ?demise? or ?lease? is the grant of a right to the exclusive possession of land for a determinate term less than that which the grantor has himself in the land.
To rent or give property to someone for a particular number of years: If an apartment is rented under a written lease, it is referred to in the lease as the "demised premises".
In property law, 'demise' means to transfer by lease. The phrase 'demised premises' generally refers to premises that have been transferred by lease, as opposed to the 'retained parts' which are not transferred but are retained by the landlord.
The term demised premises means the space or the property let to a tenant under a lease agreement. In the context of leasehold property ownership, it means the property owned by the leaseholder. The word demise comes from the Latin verb dimittere, meaning to send away.
