redemise

from The Century Dictionary.

• To demise back; convey or transfer back, as an estate in fee simple, fee tail, for life, or for a term of years.
• noun Reconveyance; the transfer of an estate back to the person who has demised it: as, the demise and redemise of an estate in fee simple, fee tail, or for life or years, by mutual leases.

from the GNU version of the Collaborative International Dictionary of English.

• transitive verb To demise back; to convey or transfer back, as an estate.
• noun (Law) The transfer of an estate back to the person who demised it; reconveyance. See under demise.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• noun law The transfer of an estate back to the person who demised it; reconveyance.