How Do You Spell REDEMISE?

Pronunciation: [ɹɪdɪmˈa͡ɪz] (IPA)

The word "redemise" is spelled as /riːdɪˈmaɪz/. The first syllable "ree" is pronounced as "ree" and "demi" as "dih-mee". The final syllable "se" is pronounced as "z". Redemise refers to the return of property to its previous owner after a lease or other temporary ownership has ended. This term is often used in legal contexts and is important to understand for those involved in property management and negotiations. Proper spelling is crucial to avoid misinterpretation or confusion in legal documents.

REDEMISE Meaning and Definition

1. Redemise is a noun that refers to the granting or transferring of a lease, or the act of re-letting or re-leasing a property. It typically occurs when a tenant who holds a lease on a property subleases all or part of the premises to a third party. In the process of redemise, the tenant assumes the role of a lessor, essentially acting as a middleman between the original landlord and the new occupant.

   This term is derived from the Latin word "redimere," which means "to lease back." Redemise is commonly used in the real estate industry, particularly in commercial leases, where it provides flexibility to the tenant by allowing them to either subdivide the space or partially assign the lease to another party.

   Redemise involves the creation of a new lease agreement between the tenant (now acting as the landlord) and the subtenant. The terms and conditions, including rent payment, duration, and obligations, are negotiated between these parties and may differ from the original lease.

   It is important to note that redemise requires the consent of the original landlord, who must approve or agree to the subleasing arrangement. This not only allows the landlord to ensure that the subtenant is suitable but also safeguards their position in terms of the overall lease agreement.

   Overall, redemise is a legal and contractual process that enables a tenant to grant a new lease to a subtenant while still retaining the original leasehold.

Common Misspellings for REDEMISE

• fedemise
• tedemise

Etymology of REDEMISE

The word "redemise" has its roots in the Old French language. It is derived from the combination of the prefix "re-" meaning "again" or "back", and the word "demis", which means "to remove" or "to let". In Middle English, it was originally spelled as "redemisen" and later evolved to its current form. The word is primarily used in legal contexts to refer to the re-leasing or re-granting of a property or estate to someone after it has been previously leased or granted to another person.