Legal Definition
Occupancy refers to the state of being in possession or control over a defined space, property, or legal right, often involving the establishment of rights or duties within that space. In legal contexts, it defines the legal status or entitlement concerning a physical location or asset.
Plain-English Translation
Imagine 'occupancy' is like saying, 'This person has the official right to live in this house or office.' It means someone legally holds the right to use and control a specific area or property according to established rules.