occupancy agreement

occupancy agreement

An agreement that allows a buyer to take possession of property prior to closing on the purchase. Except for the most unusual of circumstances, it is usually a poor idea because of the risks involved if the sale falls through.

References in periodicals archive ?
Main features: occupation will be granted in the framework of a temporary occupancy agreement in the public domain that will the occupant to exercise urban distribution business with transit of goods and carry out its mining project that will also include the enhancement of municipal property made available.
NAVSEA leadership worked with the General Services Administration to put together an occupancy agreement allowing NAVSEA to temporarily move into the building.
TSX: G, NYSE: GG) announced today that its Los Filos mine in Guerrero State, Mexico has resumed all operations following a negotiated settlement with the Carrizalillo Ejido for a new land occupancy agreement with a five-year term.
At that time, British and American interests were operating in the Oregon country under a joint occupancy agreement that did not address the question of sovereignty.
The parties entered into an occupancy agreement and the Jensens waived all defenses to RMP's acquisition of the easement, except a claim of just compensation.
At Value Place, each renter signs a weekly occupancy agreement, so it is expected that neighbors will change frequently.
First, airport space available to CBP does not meet facility standards and CBP has not reached a long-term occupancy agreement with the CNMI.
Officers told the committee: "It is considered the proposal is one that can be approved, with the developers having already confirmed they are prepared to enter into a local occupancy agreement for four semi-detached houses.
TSX: G) (NYSE: GG) announced that its Los Filos mine in Guerrero State, Mexico has suspended operations following unsuccessful efforts with the Carrizalillo Ejido to reach a negotiated settlement to renew the occupancy agreement that expired on March 31, 2014.
It should be noted that nearly every rent stabilized lease and every occupancy agreement has a legal fee provision, granting fees to the landlord).
Use and occupancy agreement renewal is automatic unless there is a formal notice to terminate.
Main features: occupation will be granted in the framework of a temporary occupancy agreement in the public domain that will allow the occupier to carry out its operating project that will also include the enhancement of municipal property made available to the occupant.