Temp C of O

I don't claim to know how it works, but my building had received a TCO with 8 outstanding issues- all were pretty minor. I believe all of these issues needed to be addressed before we received the permenant certificate of occupancy.

Very helpful answer, semerun, thanks. I didn't realize the TCO could be issued anyway. The next question, then, is how long it takes for the TCO to be issued after the inspection, assuming the issues are indeed minor. The developer is expecting the TCO during Thxgiving week, and I wonder if that's realistic...

Again, I can't offer you a great insight except my own experience- which is limited to one instance. I signed my contract on July 1st and was told that the building would be completed by late September or early October of the same year. The developer actually did finish precisely when they said they would. I don't know when the city inspector came around, but our TCO wasn't issued until mid December. Closings started occuring in late January. My bank was being a pain (this was back in early 2006) and they refused to close until a comparable apartment had closed first- and there was only one comparable apartment in the building. I wasn't able to close until late February.

Again, thanks. Here the dvper thinks he can get the TCO during Thxgvg week and wants to close the following week. Seems unrealistic to me but on the other hand I don't want to be caught unprepared. Interesting that your bank didn't want to be the first to close on the apartment. I haven't heard that before, but will check with the mortgage broker.