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Temporary Certificate of Occupancy

Started by brh2102
over 18 years ago
Posts: 34
Member since: Apr 2007
Discussion about
Hi, I am about to close on a unit in a relatively new (about 2 years old) condo building. When my attorney did the title search, he discovered that the building still only has a temporary Certificate of Occupancy. They have been getting temporary ones every 3 months since the development first opened. We haven't been able to get any good answers on why this is, or when they will get a permanent CO. Is this something to worry about? If so, what can I do? Thanks!
Response by anonymous
over 18 years ago
Posts: 1905
Member since: Apr 2007

I would think your attorney would have some idea about this situation. Is there a doorman? They often have juicy info. Another option, probably the best, is to call downtown & find out from the city. You're paying your attorney; should he not be doing this?

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Response by anonymous
over 18 years ago
Posts: 19
Member since: Oct 2006

If you are under a contract for a new construction can they force you to close with only a temporary certificate of occupancy or do they need a permanent one?

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Response by anonymous
over 18 years ago
Posts: 34
Member since: Apr 2007

#3, it is in the offering plan that they can force you to close with a temporary one. The managing company claims many buildings around the city go for years with only a temporary C of O, because it requires a lot of time, paperwork, etc. to get a permanent one...

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Response by anonymous
over 18 years ago
Posts: 1905
Member since: Apr 2007

Isn't that bizarre but when one is dealing with a vast bureaucracy I guess it shoudln't be surprising.

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Response by RiddhiBman
over 7 years ago
Posts: 112
Member since: May 2015

Curious whatever happened on your sale. Did the sponsor end up getting a permanent CO?

This happens a lot with new buildings. Hauseit has a good article discussing the risks to buying with a TCO: https://www.hauseit.com/buying-on-a-temporary-certificate-of-occupancy-nyc/

Definitely do your research, but it's not necessarily unnormal for a building to be rolling over it's TCO

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