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When you purchase or construct a property, no matter if residential or commercial, you’ll inevitably need a certification of occupancy (CO). In this article, we’ll investigate what is often a certification of occupancy and the way to get a certification of occupancy.
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Getting a certification of occupancy might be connected to contractors’ power to receive closing payment. Some contracts define the deadline for remaining payments for a project being “substantially complete.
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Property Conversion: Usually, you will need a new CO should you convert the use of a property. For example, modifying an armory to rental apartments will need a CO.
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Realizing when the newest TCOs have been issued empowers you to hunt out primary promotions and negotiate effectively. In addition, it only helps you notice new condo listings ahead of other prospective buyers.