Real Estate Glossary

What is Early Occupancy?

Early occupancy is the permission for a buyer or tenant to move into a property before the official closing or lease date. Early occupancy may be granted for a variety of reasons, such as to allow the buyer or tenant to prepare the property for move-in, to allow the seller or landlord to complete repairs or renovations, or to accommodate a change in the buyer or tenant's schedule. Early occupancy may be subject to additional terms and conditions, such as the payment of rent or the execution of a temporary agreement, and it should be clearly documented in order to avoid any misunderstandings or disputes.