Premises Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Premises, written in plain English, along with examples of how it is used.
What is Premises?
n.A land or property with any kind of construction on it like a building,factory,shop,store etc is called premises in real estate. v.In legal term premises include whatever is written in the petition or compalint.
History and Meaning of Premises
The term "premises" has been used in real estate and legal contexts for centuries. In real estate, it refers to a piece of land or property that has some type of construction on it, such as a building, shop, store, or factory. In legal contexts, the meaning of "premises" can be more varied, and may include whatever is written in a petition or complaint.
The concept of "premises" is important in both real estate and legal contexts because it helps to define the boundaries and scope of a particular property or legal case. For example, a lease agreement for a commercial property will often specify the exact boundaries of the premises that are being leased, while a legal complaint might define the premises where a particular incident occurred.
Examples of Premises
A landlord and tenant sign a lease agreement in which the landlord agrees to lease a commercial property to the tenant. The lease agreement describes the boundaries of the premises being leased, including the square footage, location, and any specific features of the property.
A customer slips and falls in a grocery store, and files a legal complaint against the store owner. The complaint defines the premises where the accident occurred, including the area of the store where the customer was walking, the type of flooring that was in place, and any other relevant details.
An insurance company assesses the value of a property after a fire, taking into account the size, location, construction materials, and other factors that contribute to the value of the premises.
Legal Terms Similar to Premises
Real property: A legal term used to describe land and any permanent structures attached to it, such as buildings, fences, and roads.
Tangible property: Property that can be touched, such as cash or jewelry.
Chattel: Personal property that can be moved, and is not attached to land or buildings.
Leasehold: The right to use and occupy a property for a specific period of time, as specified in a lease agreement.
Easement: The right to use or access a portion of someone else's property, such as a driveway or pathway.