Occupancy
Occupancy refers to the use of space with a limit to the number of people who can occupy it. It is a term used in a variety of fields including real estate, building codes, business, environmental science, and more.
Real Estate[edit | edit source]
In real estate, occupancy refers to the period during which a tenant rents and resides in a property. The term can also refer to the legal right of a buyer or tenant to use the property after the closing of the sale or the signing of the lease.
Building Codes[edit | edit source]
Building codes often specify the maximum occupancy for buildings to ensure safety. These codes are determined by the size and purpose of the building, and they are enforced by local government agencies.
Business[edit | edit source]
In business, occupancy can refer to the percentage of available space that is currently being used or rented. This is often used in the hotel industry to measure the percentage of rooms that are rented at a given time.
Environmental Science[edit | edit source]
In environmental science, occupancy refers to the presence or absence of a species in a given area. This is often used in studies of biodiversity and conservation.
See Also[edit | edit source]
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