vacant possession

vacant possession
/ˌveɪkənt pə'zeʃ(ə)n/ noun
being able to occupy a property immediately after buying it because it is empty
The property is to be sold with vacant possession.

Dictionary of banking and finance. 2015.

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  • vacant possession — noun (of property) (the state of being ready for) occupation immediately after purchase, the previous owner or occupier already having left • • • Main Entry: ↑vacant * * * vacant possession UK US noun [uncountable] legal british the fact that no… …   Useful english dictionary

  • vacant possession — ➔ possession * * * vacant possession UK US noun [U] UK ► PROPERTY a situation in which someone buying a house or land can start to use it immediately because it is not being lived in or used at the time of the sale: »The flat is offered for sale… …   Financial and business terms

  • vacant possession — vacant pos session n [U] BrE technical house/flat with vacant possession a home or other building whose previous owner has left, so that the new owner can move into it immediately …   Dictionary of contemporary English

  • vacant possession — land not subject to any lease or other adverse interest that would prevent the purchaser taking possession. Collins dictionary of law. W. J. Stewart. 2001 …   Law dictionary

  • vacant possession — noun (U) BrE technical house/flat with vacant possession a home or other building whose previous owner has left, so that the new owner can move into it immediately …   Longman dictionary of contemporary English

  • vacant possession — /veɪkənt pəˈzɛʃən/ (say vaykuhnt puh zeshuhn) noun the right of immediate possession of a house or property, the prior occupant having departed …  

  • vacant possession — noun Brit. ownership of a property on completion of a sale, any previous occupant having moved out …   English new terms dictionary

  • vacant possession — UK / US noun [uncountable] legal British the fact that no one is living in a house when the new owner buys it …   English dictionary

  • possession — pos‧ses‧sion [pəˈzeʆn] noun 1. [countable] something that someone owns: • It s vital to insure your possessions for the journey to your new home. 2. [uncountable] the state of having or owning something: • What happens if the buyer has… …   Financial and business terms

  • possession — Having control over a thing with the intent to have and to exercise such control. Oswald v. Weigel, 219 Kan. 616, 549 P.2d 568, 569. The detention and control, or the manual or ideal custody, of anything which may be the subject of property, for… …   Black's law dictionary

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