What Is Demised Premises?

Answer

The term demised premises refers to the property being leased. It is rented property as referred to in lease documents. This is set out in the fourth schedule of the lease and includes the surfaces of floors and ceilings, but excludes joists and subfloors.
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1 Additional Answer
Demised premise refers to a property being leased, for example an apartment is rented under a written lease. In the lease, the apartment is referred to as the demised premises. The lease contract requires careful reading because it usually dictates the responsibilities between the landlord and tenant.
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