occupancy

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occupancy

1. Law the possession and use of property by or without agreement and without any claim to ownership
2. Law the act of taking possession of unowned property, esp land, with the intent of thus acquiring ownership

Occupancy

Acquiring title to a property by taking possession of it; the act of taking over anything which has no owner.

occupancy

The use, or intended use, of a building.
References in periodicals archive ?
We know that overdevelopment will create a more competitive market, lower occupancies, and eventually a slowdown in rate growth," said Fox.
1) Since 1929, hotel occupancies have declined eight times during the first year of a Presidential administration.
PKF Consulting predicts that this trend will continue into 1996, when by year-end, occupancies should gain one more percentage point and reach 71.