demise

demise is a Noun

Definition:

[1] Transmission by formal act or conveyance to an heir or successor; transference; especially, the transfer or transmission of the crown or royal authority to a successor.

[2] The decease of a royal or princely person; hence, also, the death of any illustrious person. After the demise of the Queen [of George II.], in 1737, they [drawing-rooms] were held but twice a week. P. Cunningham.

[3] The conveyance or transfer of an estate, either in fee for life or for years, most commonly the latter. Bouvier.