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The property refers to the entirety of the land, buildings, structures, equipment, etc., owned by the landowner, while the premises refers to only that portion of the property and/or components of it that are the subject of the lease.
The Premises describes what is being leased. At minimum, this means the land, but can also include buildings and other infrastructure such as greenhouses, wells, and fencing. Leased equipment could be part of the Premises, or could be contained in a separate lease.
idiom. : inside a building or on the area of land that it is on. The hotel has a restaurant on the premises. No smoking is allowed on the premises.
The premises section of a deed names the parties to the deed (grantor and grantee), address of the grantor an grantee, and the date of the deed. The date should be the date of the execution by the grantor. The premises section also states the consideration that is given.
Occupancy is a concept in property law defined as the state of possessing or residing on a piece of property . Both owners and tenants can be in occupancy of a property. Actual occupancy of a piece of property is a necessary condition in many states for a successful adverse possession claim .
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Taking occupancy is the act of claiming possession of a property for the intended use of becoming an owner or tenant. If a person moves into a new house, they are taking possession or taking occupancy of the premises.
Tenant shall not be entitled to possession of the premises designated for lease until the security deposit and first months rent (or prorated portion thereof), less any applicable promotional discount, is paid in full and the premises designated for lease is vacated by the prior tenant.

possession of the premises meaning