I'm buying a flat that is under vacant possession. What does that mean?
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Answer:
It means that when you have completed the purchase the vendor must vacate the property by or on the date agreed in your contracts as the date when you take possession.
YOA6YF2D26Z47AI4WJYKTFAY5A at Yahoo! Answers Visit the source
Other answers
check with your solicitor thats what you are paying for
capcave2002
It means that it is empty and generally means that you could move in straight away once everything is sign sealed and delivered. Good luck in your new home.
Nettie
Just means there is nobody living in it at that time...
Vacant possession is where the property is owned, but empty. The owner (or previous tenant) has already moved out.
nemesis
None of the answers are correct. It simply means that when all the legalities are completed there will be no one in it! In other words anyone living there will move out when you want to move in! get this clarified with your solicitor!
Davy B
there is noone actually living there at present. should make things go through more quickly.
D B
it means that it is empty and so you don't have to wait for the sellers to move out ~ should make the whole process quicker
Elaine D
It means that it is empty.
taxed till i die,and then some.
It means it is possessed by a 'vacant'. That is another name for a ghost or spirit.
Barking mad
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