term:

Demise

demise vt

de·mised
de·mis·ing
: to convey (possession of property) by will or lease [the demised premises]
n [Anglo-French, from feminine past participle of demettre to convey by lease, from Old French, to put down, give up, renounce, from Latin demittere to let fall and dimittere to release]
1 : the conveyance of property by will or lease
: lease
2 : the transmission of property by testate or intestate succession
3 : charter of a boat in which the owner surrenders completely the possession, command, and navigation of the boat called also bareboat charter