DEMISABLE Meaning and
Definition
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Demisable is an adjective that refers to something that is capable of being leased or rented, particularly in relation to property or land. The term is often used within legal and real estate contexts.
In the realm of property law, demisable refers to the transferability of possession of a property for an agreed-upon length of time. It suggests that the property can be leased or rented by one party to another, granting the latter temporary use and enjoyment of the premises. This definition emphasizes the notion of transferring the right to occupy or possess the property without transferring ownership.
Within the field of real estate, demisable is commonly used to describe commercial buildings or office spaces that are divided into separate units or areas. These demised areas are then available for lease or rent to different tenants. The demisable nature of such properties allows for multiple occupants to lease individual sections, ensuring that the space can be utilized more efficiently and cost-effectively.
Overall, demisable refers to the ability to lease or rent a property, granting the tenant the right to occupy and use it for a defined period. It is a term frequently utilized in legal agreements, contracts, and discussions related to real estate and property law.
Common Misspellings for DEMISABLE
- semisable
- xemisable
- cemisable
- femisable
- remisable
- eemisable
- dwmisable
- dsmisable
- ddmisable
- drmisable
- d4misable
- d3misable
- dekisable
- dejisable
- demusable
- demjsable
- demksable
- demosable
- dem9sable
Etymology of DEMISABLE
The word "demisable" comes from the Latin term "dēmissus", which is the past participle of the verb "dēmittō". In Latin, "dēmittere" means "to send down" or "to let down". The English suffix "-able" is added to the Latin word to form "demisable", which means "capable of being let down" or "capable of being transferred or rented". It is primarily used in legal and real estate contexts to refer to property or assets that can be transferred or leased.
