What period occurs before official registration and during which the developer retains ownership?

The occupancy period is the specific timeframe that occurs before the official registration of a condominium when the developer maintains ownership of the units. During this period, prospective buyers are allowed to occupy their units, but they do not yet officially own the property as it has not been registered with the appropriate governmental authorities. The developer often retains responsibility for the building and common elements until registration is completed.

This period is crucial as it allows the developer to address any final construction details and ensure everything meets regulatory requirements before the transition to full ownership. The occupancy period also provides buyers an opportunity to move in and begin living in their units while finalizing the formal ownership process.

The other options pertain to different stages or elements of condominium development. The sales threshold refers to the minimum number of units that must be sold before certain obligations are triggered. The turnover process involves transferring control from the developer to the condominium corporation, which occurs after registration. Stage 6 would refer to a specific phase in a development plan, but it does not encompass the concept of the occupancy period directly related to developer ownership prior to registration.