Definition of “vacant possession” - English Dictionary

british dictionary

“vacant possession” in British English

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vacant possessionnoun [ U ]

uk /ˌveɪ.kənt pəˈzeʃ.ən/ us /ˌveɪ.kənt pəˈzeʃ.ən/ UK specialized

(Definition of “vacant possession” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“vacant possession” in Business English

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vacant possessionnoun [ U ]

uk us 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 with vacant possession.
The London Development Agency took vacant possession of the land in 2007.

(Definition of “vacant possession” from the Cambridge Business English Dictionary © Cambridge University Press)