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Updated over 7 years ago,

User Stats

214
Posts
29
Votes
Carlos Rodrigues
  • Investor
  • Kearny, NJ
29
Votes |
214
Posts

Losing Deal over Certificate of Occupancy

Carlos Rodrigues
  • Investor
  • Kearny, NJ
Posted

Good evening BP. I'm currently working on a Two-Family Deal in New Jersey that is Under Attorney Review. A little about the property, it's currently owner by older people who are looking to move and the property is outdated but nothing seems to be broken. They want to Sell the property as-is which I'm fine with as long as it doesn't have a Under Ground Oil tank. But they also want me to be responsible for the Certificate of Occupancy. I told my attorney I want them to be responsible for it, but now I'm hoping I don't lose out on the Deal because of a CO. What are your thoughts on all this? I found a website on what the CO for this town requires (see link below).

http://www.uniontownship.com/DocumentCenter/View/76

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