What is a certificate of occupancy?
It is a document issued by a local gov't . agency stating that a building meets all the requirements and codes indicating that it is in suitable condition to be occupied. I.E. all new construction requires one and a building changing from a commercial property to a residential property needs one. It is needed to occupy the building for everday use as well as to enter into a contract to sell the property and close on a new mortgage. It also compliments a building permit - that the new construction will be compliant with all laws, codes and ordinances.