I need to write an addendum basically just to state that an occupancy agreement will be done at closing but the original contract states that there would be an addendum as I was unsure what process we would use for that at the time.Thanks

So the city is requiring a Certificate of Occupancy (CO) on it.My question is this; how hard is it to receive this CO from the city?

Selling to an occupant means REPA compliance, I assure you, no closing agent or seller without a rather sophisticated finance background will get it right.

Regardless of whether I have entered a shut off notice I always tell tenants that I have scheduled the electricity to be shut off on the day before their occupancy. 

I know this is an old topic, but to add to the discussion for future searches:In CT, the Notice to Quit (3 day notice) can include the statement:“Any payments tendered after the date specified to quit possession or occupancy, or the date of the completion of the pretermination process if that is later, will be accepted for use and occupancy only and not for rent, with full reservation of rights to continue with the eviction action.”In the end, we want to find a win-win situation, though.

If there is no occupancy cert on the property, there is absolutely nothing you can do other than pay them or workout a deal with them to make them go away.

While they may affect a census report, they don't hurt my rehabbed, clean, ready to live in occupancy percentages.

Surely there are the same number of people and the same number of dwellings year-round... so occupancy levels must be similar year-round, no?

Even a rental that has 4 units.You can do a master lease with the seller and then sublease the units.You can even do a lease option with the seller and then decide if you want to do a lease option with an owner occupant who deals with the 3 other units.Most anything you have heard of will still work.All the normal issues about buying on a lease.

I felt that was a good market because people are always going to college and I have had very good occupancy rates.