What is DEMISE AND REDEMISE?

In conveyancing. Mutual leases made from one party toanother on each side, of the same land, or something out of it; as when A. grants a lease to B.at a nominal rent, (as of a pepper corn,) and B. redemises the same property to A. for ashorter time at a real, substantial rent. Jacob; Whi- sbaw.

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