occupation noun definition in Buying a home topic from the Oxford Advanced Learner's Dictionary

occupation

 noun: Buying a home topic
[uncountable] (formal) the act of living in or using a building, room, piece of land, etc. The offices will be ready for occupation in June. The following applies only to tenants in occupation after January 1 2010. The level of owner occupation (= people owning their homes) has increased rapidly in the last 30 years.