Early Occupancy

Definition

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

Synonyms
inhabitancy, early holding, tenancy, ownership

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.