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 ?
5% increase in occupancy, passing 66%, in addition to 11.
Prior studies show that occupants' behavior, occupancy rate, and occupants' presence/absence effect building energy consumption.
There are a number of methods researchers and building operators use to measure occupancy for various purposes and at various resolutions.
The report mentioned that Medina s hotels are the highest ranking for occupancy rate, in comparison with hotels of any other city in the Kingdom, with room occupancy rate of 69.
Ho Chi Minh City had the fastest-growing occupancy costs during this period, up 94%.
In skilled nursing, however, the median occupancy rate declined from 88 percent during the fourth quarter to 87 percent during the first quarter of 2005.
5%) occupancy rates dropped slightly from the third quarter of 2003.
Thirteen markets also posted a 30% or greater increase in occupancy costs over the last year, according to the survey.
The best-operated assisted living companies, those referred to as "Class A" properties, are achieving occupancy rates above 90 percent and are attracting excellent pricing from lenders and buyers, according to Mullen.
One reason nursing home occupancy levels have not continued to slide is that there are fewer beds to fill.
Cost is $2,695 per person, double occupancy, including round-trip air fare from Los Angeles, accommodations, daily breakfast and some dinners, sightseeing and motorcoach transportation.