Typically the entire rentable area leased by lessee. Sometimes used to designate solely the useable area leased by lessee, i.e. that for which the lessee has exclusive occupancy as opposed to the common areas.
Land and the buildings on it, or a building or part of a building. In the Guide this term is often used as a broad term covering the various types of rental premises, from farms and houses to single condominium and apartment units.
The legal word, included in most leases, for the Tenant Area or Usable Area. The best description of a premises is a graphic lease exhibit showing the floor plan with the boundaries of the leasehold and its area in whatever terms are used by the lease.
The beginning of an insurance policy or conveyance which sets forth the names of the parties and the consideration / The subject of a conveyance, such as land or buildings, specified in the premises (1 supra) of the deed / A building with its grounds and appurtenances, or that part occupied by the insured.
the property conveyed in a deed; hence, a piece of land or real estate. In insurance policies it is generally a building or buildings on land, or in some cases it may only be a part of a building, such as a suite or unit occupied by the insured, depending on how it is described in the DECLARATIONS.
The location described on the certificate of insurance; any additional premises used for professional purposes, for which you have given notice to us, not less than 30 days after such premises is to become insured under the policy.
the property in (legal) question, usually in connection with ownership and legal responsibility the plaintiff's premises were completely destroyed by the fire allegedly caused by the defendants. not to be confused with premise (singular): the assumption underlying an argument