Mortgage Glossary: O

Glossary of Terms
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Occupier’s liability The occupier’s liability refers to the responsibility awarded to a person or persons coming on to the land. The person who has control over the premises is the occupier, although this varies if the person is a trespasser. Statutes impose different levels of liability to each class of occupier. The basic premise of occupier’s liability is to take reasonable care at all times.

Latest Mortgage News