The act of taking or holding possession, especially of real property or rental property; possession; occupation.
Possession and use of property as owner or tenant.
The act of taking possession of property and holding it; an analysis or reporting of a level of lessee possession or an amount of the whole that buyers have taken in a real estate development, industrial park, or the like (an income property should have a target occupancy level that makes it possible to determine when a profit is possible or when its rate has stabilized at a satisfactory level in its market place so that success can be projected. CLICK HERE to review a legal definition provided by the 'Lectric Law Library. Also, see the definition of capitalization rate ( cap rate). definition of occupancy defined definition of occupancy rate defined definition of occupancy as site selection data standard
The number or type of people intended to use the structure or building that will determine the rating by the Uniform Building Code for occupancy. Occupancy rating will determine the group code, in turn dictating fire codes and occupancy separation.
The purpose for which a building or portion thereof is used or intended to be used.
The date the Purchaser assumes possession of the property; usually stated in terms of days after closing in the purchase agreement.
the act of occupying or taking possession of a building; "occupation of a building without a certificate of occupancy is illegal"
When the purchaser gets to physically occupy the property. Sometimes does not occur at the same time as legal possession.
A designation which classifies the building or area within the building (e.g., business, hazardous use, school, multiple dwelling).
The costs associated with a building (either a distribution center or store), including lease payments or amortized capital outlay, plus all maintenance and utilities.
The physical control and possession of a building or property.
1)The use to which a building is put. 2)The type of contents a building contains.
holding, possessing, or occupying premises.
Purpose(s) for which a building or premises is used.
A building code term referring to the use of a building, such as school, office, restaurant, warehouse, or residence.
Occupancy is the act of holding possession of property or premises. The term implies the use of the building for the purposes described in the policy, and no other. An occupied building has furnishings and/or people in it.
The purpose for which a building, or portion thereof, is utilized or occupied.
Occupancy is a defined legal term in building construction and building codes. It refers to the use or intended use of a building or part thereof for the shelter or support of persons, animals or property. A closely-related meaning is the number of units in such a building that are rented or leased, or otherwise in-use.