What is coe in real estate?

A Certificate of Occupancy (CO) is a document issued by a local government agency or building department certifying that a building or property is in compliance with its applicable building codes and regulations and is safe for occupancy. This document confirms that the property is suitable for occupancy based on its intended use, such as residential or commercial.

In the context of real estate transactions, a CO is typically required before a property can be legally sold or leased. It serves as proof that the property has been constructed or renovated according to the local building codes and is in compliance with various safety and zoning regulations. The absence of a CO can create complications during a real estate transaction, as buyers or tenants may be reluctant to proceed with the deal without this important certification.

In some cases, properties may have temporary COs, which are issued when minor issues need to be resolved before a permanent CO can be issued. It is important for property owners to obtain the necessary COs to ensure compliance with local regulations and avoid potential legal issues.