What does 'Vacant Possession' mean when buying a property?
Find out what Vacant Possession means when you are buying a property. 'What does Vacant Possession mean?' plus over 150 other property related terms and jargon in plain English
Vacant Possession means the property is empty, there is no one living there that will be needing to find themselves an alternative place to live (and so might delay the purchase process).
Vacant Possession is a type of chain free property, there is no one living there that will be needing to find themselves an alternative place to live (and so might delay the purchase process).
The difference is that there may be someone living in a chain free property.
Vacant possession is seen as a positive thing by most buyers because there is nothing to stop them moving in except for the speed at which the solicitors can get all the paperwork together.
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