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Re: Bought A Home Without the Certificate of Occupancy - Landlord Forum thread 140823

Re: Bought A Home Without the Certificate of Occupancy by MyPropertyMyRules (NYC) on May 28, 2007 @07:27

                              
Was looking here.

HOMEOWNER TIPS:

THE DEPARTMENT STRONGLY RECOMMENDS THAT YOU NEGOTIATE A CLOSING BASED ON A FINAL CO, NOT A TCO.

If you purchase a co-op, condo or house that has a TCO, you should consult a licensed architect or engineer to determine what work has to be done in order for the building to receive a final CO.

ONCE YOU PURCHASE A PROPERTY, YOU, AS THE OWNER, HAVE THE LEGAL OBLIGATION TO MAKE SURE THAT THE BUILDING OBTAINS A FINAL CO...documenting its compliance with the Building Code and the Zoning Resolution.

BECAUSE THIS IS YOUR RESPONSIBILITY, YOU SHOULD ASK YOUR ATTORNEY TO OBTAIN A WRITTEN ASSURANCE AND SUFFICIENT ESCROW FROM THE SELLER/DEVELOPER TO THAT THE DEVELOPER ACTUALLY FINISHED ANY OUTSTANDING WORK AND OBTAINS THE FINAL CO IN A TIMELY MANNER.
__________________________________________________________


Do you have a "temporary CO", or nothing at all?

[ Reply ] [ Return to forum ]

Re: Bought A Home Without the Certificate of Occupancy by Anonymous (New York City) on May 28, 2007 @19:03 [ Reply ]
Nothing at all. Just approved sign-offs.

What should I do?


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