Real Estate Word of the Day: C of O
Posted by Tom Crimmins Realty on
Real Estate Word of the Day: Certificate of Occupancy
In the world of real estate, every step of the property selling/buying process comes with its own set of rules and regulations. One crucial document that often goes overlooked but is essential for any property transaction is the Certificate of Occupancy (also known as the C of O).
What is a certificate of occupancy?
A Certificate of Occupancy is a legal document issued by the local government or building department that signifies a property's compliance with building codes, zoning laws, and other regulations. This certificate is typically obtained after a property undergoes construction or major renovations and before it is occupied or sold.The Role of Certificate of Occupancy in…
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