What is a certificate of occupancy?

A certificate of occupancy is a crucial document that serves as an official permit, confirming that a property complies with all relevant building codes, safety regulations, and health standards, allowing it to be occupied and used for its intended purpose. This ensures that the structure is safe for residents and that it meets local zoning laws and regulations.

In the context of real estate, obtaining a certificate of occupancy is often a necessary step before a property can be occupied after new construction, renovation, or significant alterations. This document is vital for protecting the occupants' welfare, ensuring that the property is suitable for living or business activities, and preventing potential legal issues related to property safety and compliance.

The other options do not accurately define a certificate of occupancy. While property ownership, title history, and market value are all important aspects of real estate, they do not pertain to the specific purpose of the certificate of occupancy, which is solely focused on the safety and readiness of the property for habitation.