What does Certificate of Occupancy mean?

This is a document that is issued by a local government agency to certify that a building or structure is safe and suitable for occupancy. A certificate of occupancy is typically required before a building can be used or leased, and it may be necessary to obtain a new certificate if the use of the building changes or if significant renovations are made.

Related Terms

Debt Service Americans With Disabilities Act Damage & Destruction (In a Lease) REALTOR Effective Gross Income Restructured Loan Boundary Real Estate Attorney Covenant Procurement of Supplies / Services Community Property Title insurance Fair Credit Reporting Act. Trading Up Bill of Sale Verification of Deposit Upzoning Breach of Covenant