Dictionary
3 ENTRIES FOUND:

occupancy

noun oc·cu·pan·cy \ˈä-kyə-pən(t)-sē\

: the act of living or staying in a particular place

: the number of people who are in a particular building or room at one time

plural oc·cu·pan·cies

Full Definition of OCCUPANCY

1
:  the fact or condition of holding, possessing, or residing in or on something <occupancy of the estate>
2
:  the act or fact of taking or having possession (as of unowned land) to acquire ownership
3
:  the fact or condition of being occupied <occupancy by more than 400 persons is unlawful>
4
:  the use to which a property is put <industrial occupancy>
5
:  a building or part of a building intended to be occupied (as by a tenant)

Examples of OCCUPANCY

  1. The sign above the auditorium door says, Maximum occupancy: 500 persons.
  2. <the landlord notified us of the need to cease occupancy in three months, when our apartment building would be sold>

First Known Use of OCCUPANCY

1596

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