Occupancy Certificate

Occupancy certificates carry considerable weight in the realm of real estate. Issued by local government agencies and authorities, these certificates serve as official confirmations that a constructed building complies with the approved plans. They represent the pivotal juncture when a property is officially declared suitable for habitation.

Example: A builder finishes constructing an apartment building and sends the necessary paperwork to the local municipal office. Once officials review the documents and inspect the site, they may grant an Occupancy Certificate, which confirms that the structure complies with approved plans and meets safety requirements for residents. Until this certificate is issued, homebuyers are not legally permitted to take possession or move into the property.