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early occupancy |
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early occupancy If agreed among the parties, the ability of a purchaser to take possession of property before closing. Under some circumstances, a buyer who takes early occupancy may be considered as assuming the risk of loss if there is a fire or other destruction of the property. In other words, the buyer may be obligated to proceed to closing at the full purchase price, even if the seller has no insurance coverage. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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