Early Occupancy

Definition

  • When the buyer is granted permission from the seller to move into the property before closing.

Synonyms
early holding, ownership, tenancy, inhabitancy

Related Terms and Acronyms

  • Move-in Condition (MIC) Acronym,
    • A house that is ready for a new occupant.
  • Owner Occupant Definition,
    • A borrower who resides in the property used as security for the loan.
  • Possession Definition,
    • Something that is owned.
    • The condition of having signed all the papers at closing and having received keys to the house.
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