occupancy

[ok-yuh-puhn-see]

noun

plural

occupancies 

1. the act, state, or condition of being or becoming a tenant or of living in or taking up quarters or space in or on something.

   Continued occupancy of the office depends on a rent reduction.

   Synonyms: possession, occupation, tenancy

2. the possession or tenancy of a property.

   You can have occupancy on June 1st.

3. the act of taking possession, as of a property.

4. the term during which one is an occupant.

5. the condition of being occupied.

   Occupancy of the auditorium is limited to 1200 people.

6. the use to which property is put.

7. exercise of dominion over property that has no owner so as to become the legal owner.

occupancy

/ ˈɒkjʊpənsɪ /

noun

1. the act of occupying; possession of a property

2. law the possession and use of property by or without agreement and without any claim to ownership

3. law the act of taking possession of unowned property, esp land, with the intent of thus acquiring ownership

4. the condition or fact of being an occupant, esp a tenant

5. the period of time during which one is an occupant, esp of property

Other Word Forms

• unoccupancy noun

Word History and Origins

Origin of occupancy¹

First recorded in 1590–1600; occup(ant) + -ancy

Example Sentences

The first home to be rebuilt in the wake of the Palisades fire — a two-story home on Kagawa Street — received a certificate of occupancy on Friday.

Read more on Los Angeles Times

In the Palisades, the first certificate of occupancy was issued recently for a “showcase” home that was built to market the work of the development company.

Read more on Los Angeles Times

The resolution limits how RealPage can use nonpublic data to propose rents that corporate landlords should charge to optimize occupancy and maximize revenues.

Read more on The Wall Street Journal

In fact it may increase the difficulty: occupancy rates for independent-living communities now exceed 90%, and many places have waiting lists.

Read more on MarketWatch

The suit said competing landlords shared nonpublic information — such as occupancy and rents on executed leases — with RealPage, which then used that data to recommend rents at individual properties.

Read more on Los Angeles Times

Related Words

• ownership