The phrase "demised premises" describes the space that is occupied by a tenant under a lease or rental agreement.

What demised means?

1 : die, decease. 2 : to pass by descent or bequest the property has demised to the king's heirs.

What does demised mean in commercial real estate?

Today, the word “demise” is a legal jargon that means the act of granting a lease of property. For real estate, it refers to giving an estate, to transfer it through a will or a lease. ... To demise means to convey land or property through a deed or contract for a particular period of time.