How do you get a certificate of occupancy?
- A certificate of occupancy can be obtained through the local government, usually in the town or county’s building department or department of housing. The request has to be made before any work is actually done.
What is the meaning of certificate of occupancy?
Certificates of occupancy and use are issued if the building work and any associated electrical, gasfitting and plumbing work have been certified as complete and compliant. It is against the law to occupy or use a building until a certificate of occupancy or use for the purpose it will be used is issued.
Why is the certificate of occupancy important?
The purpose is to certify that a building is in compliance with building codes and that it is suitable for occupancy. The certificate of occupancy is essential for a building to become operational – without a valid certificate, a building cannot be occupied.
Who is responsible for certificate of occupancy?
But as a buyer, you’ll generally need one to move forward with the mortgage process. That said, in a home sale transaction, it’s usually the seller’s responsibility to obtain a certificate of occupancy and to bear the cost (though sometimes buyers and sellers split that cost).
Is it safe to buy flat without OC?
Without a valid OC, your occupancy is illegal as it can be classified as an unauthorised structure by the authorities. 2. OC is crucial while applying for a home loan or loan to purchase a resale flat. You cannot even sell your property without a valid OC in hand.
Can you buy a house without a CO?
Various approval conditions must be satisfied to obtain a home loan. Buyers who qualify for financing can purchase a house without a co-signer. Buyers can contact credit union representatives, bankers and mortgage companies to apply for a home loan. A loan officer can review a buyer’s qualifications for a home loan.
What happens if there is no occupancy certificate?
Occupying a property without an OC is considered as illegal and local civic bodies can ask you to vacate the property. You may have to face trouble in getting water connection or sanitary connection or electricity supply connection.
How long does it take to get a co for a house?
How long does it take to get the certificate? It may take 5-10 business days after the application for certificate of occupancy is submitted. Temporary certificate has shorter processing time.
Is OC required for Villa?
As per the Statutory requirement is concerned, even OC is mandatory towards villa construction you never get any legal hassel.
Is OC required for registration?
It is true that OC is currently not mandatory for registration, but it is mandatory for possession. By invoking a clause in the agreement, Reputed Builders is trying to intimidate the buyer.
Can builder offer possession without OC?
Conclusion: As per Section 11 (4) (B) of Rera Act, a developer has to obtain a completion/occupancy certificate from the local authority. If the builder is not giving you the OC then Any aggrieved person may file a complaint with the Authority or the adjudicating officer, of RERA Redressal.