As attorneys who handle many transfers of properties and sale agreement of houses, the one thing we consistently note is that many sellers are not aware of the certificates they have to supply to the purchaser when they sell the property. COs address four important purposes: Use of a Structure: The CO specifies the property’s class. If the property for sale has a swimming or spa pool, one of the following must also be attached to the contract from 29 April 2016: a copy of a valid certificate of compliance, or; a valid occupation certificate (issued in the past 3 years) and evidence that the pool has been registered, or; a valid certificate … ... To calculate the capital gains at the time of selling any property purchased before 1981, its purchase price is now calculated on the basis of the fair market value of 1981. It is important to mention that most existing homes already have a Certificate of Occupancy on file with the city. However the owner is not in a situation to get a certificate of occupation prior to the auction so the property is going to be offered as is. I would like to know that can builder get occupancy certificate without having completion certificate? It is not strata or house and land package. CERTIFICATES REQUIRED FROM PROPERTY SELLERS. Is it possible to sell flat without occupance certificate (OC) Hi, I have flat in Hyderabad and it is close to 8 years old. When building or moving into a new home, occupational certificates are as necessary as clearance certificates. The CO certifies that the home has a sound structure and sufficient access to utilities to support you living there. Article by listed Attorney: Nanika Prinsloo. You therefore cannot legally occupy a home unless a CO exists. How to Sell a Home With No Certificate of Occupancy. Existing Homes Have a Certificate of Occupancy. Ultimately, the lender is at risk for default without a CO, which is why it is hard to find a lender willing to issue a loan with even a temporary Certificate of Occupancy. >> And in another email : << This work was completed 31 years ago and obviously has stood the test of time. Can the property be sold without an occupation certificate? Went to municipal office couple of times requesting to visit the property and provide OC, but didn't work out. The building department issues the certificate of occupancy when a house or condominium is built and passes the department’s final inspection. My client does not wish to obtain one. WHAT certificates, you ask? Builder absconded and the property don't have occupancy certificate (OC) for anyone. A Certificate of Occupancy, also known as C of O, signifies that a house meets all building codes and is safe to inhabit. Purposes of a Certificate of Occupancy. 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