certificate of occupancy

[Dorothy Truitt]

i have just bought my condo in atlantic city, I have been renting 5 years. do i need certificate of occupancy  if i been living here.
the building 1927.
it was inspected 2018 by city and cleared. i have all that is needed fire alarm co detector etc. sales is done, and then they ask for one, it was a cash  ( no Bank ) as is sale no realtor .  

[Kurt Kwart]

Originally posted by @Paul Stewart:

Do you have to have this done in AC if you are buying a single family home??

 If you are closing cash and no loan you don’t need the CO for closing, if it is empty. 

You will need it for occupancy. So if the tenant is in place (and staying) you need to do for closing anyway. 

The biggest ‘gotcha’ I found is that after 30  days the bed bug expires. So it’s a waste if you don’t have the tenants picked out and moved in the 30 days. What I’ve done in the past is file for the CO with random names and update the names during the inspection process. 

[Kurt Kwart]

congrats!  ok so your living in the same unit you purchased correct?  

By the book I think you still need it with updated owner info but I’d check with the city. 

You don’t need a CO for a cash sale but do need it to move someone in.  So you may have gotten away with doing it for closing but the people in the office are very helpful.  

[Keven Vanegas]

I am going through all of this as we speak with Atlantic City, Code enforcement told me that I need to complete a “change of ownership” CO. My realtor failed to do this when we were purchasing our building.

So yes, I believe your going to have to file a change of ownership CO for your new condo.

But you can call the city, DM me for the phone number if you need it.

Hope this helps. ;)

[Paul Stewart]

Do you have to have this done in AC if you are buying a single family home??

[Kurt Kwart]

Originally posted by @Paul Stewart:

Do you have to have this done in AC if you are buying a single family home??

 If you are closing cash and no loan you don’t need the CO for closing, if it is empty. 

You will need it for occupancy. So if the tenant is in place (and staying) you need to do for closing anyway. 

The biggest ‘gotcha’ I found is that after 30  days the bed bug expires. So it’s a waste if you don’t have the tenants picked out and moved in the 30 days. What I’ve done in the past is file for the CO with random names and update the names during the inspection process. 

[Paul Stewart]

@Kurt Kwart So I have been striking out on multiple offers. Currently have a offer in on a foreclosure. I will have a conventional loan on the property  and will be on paper used as a second residence. I do not plan on renting it out full time. Maybe airbnb or summer rental type of deal. Would I have to get a CO for that??  Would I be listed as the occupant in that case? No one has mentioned this to me real estate agent, Lawyer or Lender and have not seen much about that in any of the real estate books I have been reading. 

[Kurt Kwart]

Originally posted by @Paul Stewart:

@Kurt Kwart So I have been striking out on multiple offers. Currently have a offer in on a foreclosure. I will have a conventional loan on the property  and will be on paper used as a second residence. I do not plan on renting it out full time. Maybe airbnb or summer rental type of deal. Would I have to get a CO for that??  Would I be listed as the occupant in that case? No one has mentioned this to me real estate agent, Lawyer or Lender and have not seen much about that in any of the real estate books I have been reading. 

 You will just get a co in your own name if a second home.

Airbnb is legal in AC but there is a seasonal co and fee. 

[Dorothy Truitt]

I AM already living here. Been here 5 year .just paid cash.  

I switch names. There will be know renters only me the owner. 

CO still need ?