Vacant possession

Giving 'vacant possession' refers to a legal obligation to ensure that a property is in a state fit to be occupied at a given point in time. Vacant possession is most commonly known of on the sale and purchase of residential property and many find that, on the purchase of a new home, they do not obtain vacant possession as desired. The concept is also an essential element in the grant and termination of leases and other tenancy agreements. It is a topical issue for lawyers and surveyors along with estate agents and others connected to land and buildings.

This article is about the legal term. For other uses, see Vacant Possession (disambiguation).

Vacant possession is a property law concept.

Notes
  • Shaw, Keith (Dr.) Vacant Possession: Law and Practice. Elsevier, Oxford, 2010
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.