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.
Virginia Aggressive Clause Dealing with Reentry and Continuing Access to the Demised Premises
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US-OL1502
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FAQ
Hear this out loud PauseDemised Space means the portion of the Property in which a Subtenant has an interest pursuant to a Sublease, including, without limitation, any portion of the Roof Top Garden Space or the Lobby Sublease Space.
Hear this out loud PauseThe 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.
Demise means transfer of property by a lease or will.
Property that you rent or give to someone for a particular number of years, or a legal agreement in which you rent or give this property: In a mortgage by demise, the lender becomes the owner of the mortgaged property until the loan is repaid. demise. verb [ T ] PROPERTY, LAW.
Hear this out loud PauseIn 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.
1. : die, decease. 2. : to pass by descent or bequest. the property has demised to the king's heirs.
Death or decease. termination of existence or operation: the demise of the empire.