Question

q. based on the context of this portion of the commercial lease, what can you infer is meant by the words \demised premises\ highlighted in sections 1.2 and 1.3?
1.2
in consideration of the rents agreed to be paid hereinafter recited, landlord does agree to lease to tenant. tenant does hereby take from landlord the demised premises located at 123 peach tree lane in the city of atlanta, georgia. the demised premises will be used by tenant as a retail unit.

Explanation:

To determine the meaning of "Demised Premises", we analyze the context of the commercial lease. Section 1.2 states the landlord leases to the tenant the "Demised Premises" at a specific address (123 Peach Tree Lane, Atlanta, Georgia) for use as a retail unit. From this context, "Demised Premises" refers to the physical property (the retail unit at that address) that the landlord is leasing to the tenant. The key clues are the lease agreement context, the address provided, and the intended use (retail unit), all of which point to the leased property.

Answer:

"Demised Premises" refers to the physical property (specifically the retail unit at 123 Peach Tree Lane, Atlanta, Georgia) that the Landlord is leasing to the Tenant under this commercial lease.