vacant possession

noun

Definition of vacant possession

British
used to describe a situation in which property (such as a house) is vacant when it is sold so that the new owner can move in immediately
  • property sold with vacant possession

Word by Word Definitions

vacant play
  1. : not occupied by an incumbent, possessor, or officer

  2. : being without content or occupant

  3. : free from activity or work : disengaged

possession play
  1. : the act of having or taking into control

  2. : control or occupancy of property without regard to ownership

  3. : ownership


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