Definitions for "Vacant Possession" Add To Word List
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Empty. On completion of a sale a seller is obliged to deliver the property with vacant possession which means clear of occupants and of objects which are not included in the sale. The same applies at the end of a tenancy.
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The property will be vacant at settlement.
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A Seller required to give vacant possession must (on completion) leave the property (including the garden and outhouses) empty of people, possessions and rubbish
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When ownership is transferred from the sale of a property there will be no tenants living in the property, or leases giving someone else use of the property.
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A well used estate agency phrase which means that the property being offered will be vacant upon completion of the sale. The property is therefore offered free from any such encumbrances as a sitting tenant or service tenancy.
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when the previous member moves out of his or her unit, so that the co-op can regain possession of the unoccupied unit.
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The previous occupants must vacate the property before you move in. This includes any tenants.
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A property sold with vacant possession means that there are no ‘Sitting Tenantsâ€(tm) in residence.
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Meaning that on completion the vendor must hand over the unoccupied property and it having been cleared of all rubbish and items not included on the inventory.
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Heritable property is commonly sold on the basis that the purchaser will obtain full, unhindered possession of untenanted subjects.
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A right to possession of land in respect of which there is no current occupant.
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This indicates that the property will be unoccupied when the buyer is ready to take up residence.
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The state whereby a property is conveyed to a new owner(s) without any tenants or inhabitants
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