early occupancy

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.

References in periodicals archive ?
QTS now expects to offer pre-leased customers early occupancy ahead of the Phase 1 completion scheduled for mid-2018.
The early occupancy of the film on release day is proof that the film team opting not to promote Ittefaq, is serving as a rude shock upon the film's release today.
In the months April to September, deliveries are to be called as early occupancy.
But we are seeing landlords asking for longer lease terms, and some of the concessions they were offering in a looser market, things like free rent, early occupancy and expansion or contraction rights, aren't being offered as standard during negotiations.
Prospective buyers looking to move in immediately will find the SMDC Condo Craze as a "onestop shop" since they can avail of the early occupancy program as well as the onthespot loan processing from BDO and China Bank.
and is offered with flexible terms to encourage an early occupancy.
One of the concessions being given to encourage early occupancy is shorter tenancies, the survey confirms.
With material readily available, delays are eliminated resulting in speedy construction and early occupancy.
Stearns unique processes aided in eliminating challenges and contributed to early occupancy of the casino and administration building, as well as meeting the owner's financial and performance-driven goals.
The project team has implemented a Lean Project Delivery Method with Integrated Form of Agreement, as well as the OSHPD phased permitting process to deliver a fully integrated, affordable project; targeting early occupancy and significant cost savings.
Full browser ?