What characterizes a "Squatter" in property terms?

A "squatter" is defined as a person who occupies land or property without legal permission from the owner. This definition captures the essence of squatting, which typically involves taking over an unoccupied or abandoned space with the hope of claiming rights to it over time. One key aspect of squatting is that it is generally unauthorized and can lead to complex legal situations, especially concerning property rights and eviction processes.

The other options do not fit the definition of a squatter. Individuals who legally rent a space are tenants, and a homebuyer with a contract pending is in the process of obtaining legal ownership but has not yet taken possession. An authorized tenant is someone who has permission to occupy property, thus distinguishing them from someone who trespasses or occupies land without consent. This legal context is crucial in understanding property rights and the implications of squatter situations.