Interim Occupancy Explained: How To Prepare For An Interim Occupancy?

To read more about the difference between Interim Occupancy and Final Closing, please read a previous article written by our firm here.

An Interim Occupancy Closing Notification is provided either to the purchaser's lawyer or to the clients directly advising them of the interim occupancy closing date.

Oftentimes, I have clients inquiring about preparing for Interim Occupancy in advance. Unfortunately, as the Purchaser's lawyer, we rely on the Builder's lawyer to provide us with the interim numbers and documents. These do not get provided to us until at least 5 to 7 days prior to the interim occupancy closing date. This means that a file is typically prepared on a rush-basis.