The right of an owner
to occupy property. When the property is
occupied by a tenant, possession is
transferred from to the tenant by the
landlord, however the landlord still holds
possession by a way of title and may
reoccupy the property upon termination of
the lease.
Possession Date; is
the date when the buyer or the tenant
obtains possession of the property. Vacant
possession may not be required by the
landlord seeking to purchase the property
for investment purposes.
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