Nina Malatesta, Associate Broker

To understand the definition of the term demised premises, one must understand what demise means. Because demised premises is a widespread use for the term demise. The demised premises meaning can be complicated because it involves the property itself. What it means, however, is simple and can be de...

The clause in a deed beginning with the words " to have and to hold" limiting or defining the ownership nature of the estate in the property granted by the deed. Declares the type of ownership conveyed whether it is fee simple or a life estate or some other interest. ...

An insurance policy that promises to pay all the legal obligations of the insured due to negligence in which damage to the property has been caused....

Condition in which the occupancy or the purposes for which the premises are being used as described in the insurance policy change so as to result in an increased risk. The policy is void unless prior notice is furnished to the insurance company. Once the company receives such notification, the comp...