Major Reconstruction or Repair: Some municipalities require a CO for major construction that changes the occupancy of the property. In addition, changes affecting safety, such as the configuration of exits, may also require a CO. Property Conversion: Usually, you will need a new CO if you conve...
New-construction property:A certificate of occupancy is required as part of the sale of any brand-new home or building. A new owner or occupant:Some municipalities require a new certificate of occupancy each time you sell a property, or when a new tenant moves into arental property. To ensu...
Note: If a property is used as a group home and a natural person occupies the property as a primary residence or as a second home, Fannie Mae`s terms and conditions apply to the specified occupancy status. Lenders should always remain vigilant about mitigating risks during the construction or...
rental and other payments to Purchaser or its agent; g. All architectural drawings, plans, specifications, surveys, building permits, occupancy permits or other similar items in Seller's possession and control which Seller has created, used or relied upon for the ownership and maintenance of the ...