Beneficial occupation

beneficial occupation CRE

Beneficial occupation, or beneficial occupancy, or BO, is that window of time between a) when a tenant can first occupy the premises, and b) final completion.

The BO window is generally used by the tenant to fit out and ready their premises.

In other instances the BO period may be used as a tenant move in incentive – i.e. as a “rental holiday”. This financial saving may be offered as an additional tenant incentive on top of tenant installation allowances.

Landlords, subject to negotiation, can provide this period of occupation to tenants either:

Beneficial occupation data is the same as lease occupation date.

For a more detailed definition of this term, relating more closely to the construction industry, please see the link here.

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