Beneficial occupation

beneficial occupation CRE

Beneficial occupation, or beneficial occupancy, is that stage of development, generally before final completion, that a tenant can occupy the premises.

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

Beneficial occupation is generally used by the tenant to fit out and ready their premises.

In other instances this may be used as a tenant move in incentive – i.e. as a rental holiday.

Beneficial occupation data is the same as lease occupation date.

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

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