Realized 1031 Glossary of Terms

Certificate of Occupancy (CO)

Written by The Realized Team | Jun 29, 2022 12:00:00 PM

Certificate of Occupancy is a document issued by a local government agency, certifying that a building meets certain requirements and codes that indicate its fitness to house tenants. These requirements differ across building types, as well as cities and states, and are usually required to be met by new developments.

A certificate of occupancy is telling that a building is in livable conditions, and that it doesn’t prove as a threat to the well-being of an occupant. This document is usually obtained in tandem with a building permit.