A more thorough explanation:

Definition: Living in or using a property as a tenant or owner. This can also include someone who lives in or uses abandoned property with the intention of acquiring ownership.

Example 1: John is the owner of a house and lives in it with his family. He has occupancy of the property as the owner.

Example 2: Sarah is renting an apartment and has signed a lease agreement with the landlord. She has occupancy of the apartment as a tenant.

Example 3: Tom has been living in an abandoned house for several months with the intention of fixing it up and claiming ownership. He has occupancy of the property with the intention of acquiring ownership.

These examples illustrate how occupancy refers to the act of living in or using a property as an owner or tenant. It can also refer to someone who is living in abandoned property with the intention of acquiring ownership.