Merriam-Webster Dictionary entry:
Main Entry: 1prem·ise
Variant(s): also pre·miss /'pre-m&s/
Function: noun
Etymology: in sense 1, from Middle English premisse, from Anglo-French, from Medieval Latin praemissa, from Latin, feminine of praemissus, past participle of praemittere to place ahead, from prae- pre- + mittere to send; in other senses, from Middle English premisses, from Medieval Latin praemissa, from Latin, neuter plural of praemissus
1 a : a proposition antecedently supposed or proved as a basis of argument or inference; specifically : either of the first two propositions of a syllogism from which the conclusion is drawn b : something assumed or taken for granted : PRESUPPOSITION
2 plural : matters previously stated; specifically : the preliminary and explanatory part of a deed or of a bill in equity
3 plural [from its being identified in the premises of the deed] a : a tract of land with the buildings thereon b : a building or part of a building usually with its appurtenances (as grounds)