Quote:
Originally Posted by MRM
I am missing why the buyer cares about certificates of occupancy. If he does, can't you have the city inspector do a final inspection and issue one? The work is all done and done to code, isn't it? Depending on the extent of the remodeling job it is possible that the city wouldn't issue a new certificate of occupancy for your scope of work.
Certificates of occupancy get issued when the construction is substantially complete and the home is inhabitable. As far as I know, only one is necessary. If the PO had the house built with an unfinished attic, got a C/O, and finished off the attic on his own, I don't think a C/O would be issued and I don't see how that would be a problem for your new buyer.
I don't think title insurance would cover this situation and I'm not sure E&O coverage would apply either.
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The buyers
Bank Attorney cares. His mortgage is contingent on everything being in place.
Town code here explicitly prohibits using space designated as
attic as Habitable space.
The plans and CO for the
addition clearly designate the second floor as Attic.
To use the space as living space requires a permit and CO regardless of when the work was performed.
PO was the builder.
I'm sure the reason PO did what he did was to lower the tax rate.
The work is all done and to code so getting the permit and CO is a function of time and money. MY MONEY.
If we were talking $500 I'd say f' it and eat it. But we could be talking 10x's that with an increase in property taxes that could make the sale unattractive.