limited occupancy agreement

limited occupancy agreement definition - business

limited occupancy agreement

An arrangement between a seller of real estate and a prospective buyer that permits the prospective buyer to gain temporary use of the property prior to closing the sale.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.