term:

Occupancy

occupancy n

pl: -cies
1 : the fact or condition of holding, possessing, or residing in or on something [ of the premises]
2 : the act or fact of taking or having possession (as of abandoned property) to acquire ownership
3 : the fact or condition of being occupied [ by more than 400 persons is unlawful]
4 : the use to which a property is put [designed for industrial ]

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.