No C/O = no permanent financing, no legal rental. Construction loans typically require C/O before conversion to perm.
Process & Closing
Certificate of Occupancy (C/O)
A municipal document confirming a building is legal to occupy — issued after final inspection on new construction or major renovation.
More in Process & Closing
- Proof of Funds (POF)— A bank or investment statement showing you have the cash needed to close.
- Earnest Money Deposit (EMD)— A good-faith deposit sent to escrow when your offer is accepted — typically 1–3% of purcha…
- Escrow— A neutral third-party account holding funds and documents until all closing conditions are…
- Title Insurance— One-time insurance policy protecting against defects in a property's title (liens, forgery…
- Closing Costs— All the third-party and lender fees due at closing — typically 2–5% of purchase price.
- Due Diligence (DD)— The buyer's investigation period after contract — inspections, financials, title, environm…