co-occupancy
[/koʊ.ɑːˈkjuː.pən.si/]
nounpl: co-occupancies
co-ocupação
1. The act or condition of two or more parties occupying the same property, space, or premises simultaneously
The co-occupancy of the building by multiple businesses required a detailed agreement about shared expenses.
A co-ocupação do edifício por múltiplos negócios exigiu um acordo detalhado sobre despesas compartilhadas.
2. A legal arrangement where two or more entities share occupancy rights and responsibilities for a property
The co-occupancy agreement outlined each tenant's responsibilities for maintenance and utilities.
O acordo de co-ocupação delineou as responsabilidades de cada inquilino quanto à manutenção e serviços.
3. In real estate, a situation where a property is jointly occupied by multiple parties under a single lease or ownership structure
The developer marketed the space as a co-occupancy opportunity for start-up companies.
O desenvolvedor comercializou o espaço como uma oportunidade de co-ocupação para empresas iniciantes.
Co-occupancy is particularly relevant in Brazilian real estate markets where commercial spaces in urban centers like São Paulo and Rio de Janeiro are frequently shared among multiple businesses or startups to reduce costs. In the United States, the concept is common in co-working spaces and shared housing arrangements. The term is primarily used in legal, real estate, and property management contexts.
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