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A Certificate of Occupancy (CO) is granted once ALL conditions of the building permit have been satisfied. This. includes, but is not limited to, finalization of all permits and inspectio ns (Fire, Site, Civil, Building, Electrical, Mechanical, Plumbing).
In legal practice, the requirement that a certificate of occupancy be presented on the day of closing is usually attached as a rider to a contract for the sale of a house or building. If the seller is unable to present the certificate of occupancy the buyer may refuse to complete the sale.