Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.
However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.
Early occupancy period indicates the period where the tenant may occupy and use any rental or lease premises before the official date of commencement of the lease/rental agreement. This is often encouraged by landlords, as a means of getting tenants to sign long-term leases.
Early occupancy may help tenants move into rented or leased accommodation before the closing of the final agreement. This may also indicate a scenario where the property buyer shifts into the residence or any other property before closing the final sale. This may be a positive way of selling or leasing out properties for sellers/landlords, encouraging prospective parties to swiftly conclude transactions. This also benefits buyers/renters who have deadlines on their present rental/lease agreements, forcing them to move before completing the purchase or lease agreement of the new property. This also ensures the commitment of the buyer/tenant towards the transaction in question.
