Occupancy
/ˈɒkjʊpənsi/
Definitions
- (n.) The act or state of inhabiting or using a property or space, especially under a lease or property right.
The tenant's occupancy of the apartment began on the first of the month.
- (n.) The number of persons lawfully allowed or actually residing in a building, often dictated by safety regulations or zoning laws.
The occupancy limit for the venue is 200 people to comply with fire codes.
Commentary
In legal contexts, "occupancy" often refers both to possession rights under lease agreements and to limits imposed by law or regulation, especially in housing and safety compliance.