Certificate usually granted by a jurisdictions building department certifying a specified premise has satisfactorily complied with all zoning and building ordinances.
What does co mean in real estate?
A certificate of occupancy is a document that’s issued by a local zoning or building department stating that a home or property is suitable for occupancy.
What is the abbreviation for commercial real estate?
Commercial Real Estate (CRE)
What are acronyms in real estate?
Real Estate Broker Abbreviations
- ARV – after-repaired value.
- CCIM – Certified Commercial Investment Member.
- COO or C of O – certificate of occupancy.
- CMA – comparative market analysis.
- COCR or CCR – cash on cash return.
- COF – cost of funds.
- CRE – commercial real estate.
- DTI – debt to income ratio.
What does C O mean in legal terms?
“C/O” means “in care of”.
Does the buyer or seller get the CO?
If you’re selling your house as-is or if it’s a bank-owned house, the buyer is responsible for the costs of getting the certificate of occupancy—including the inspection and repairs. This will all be outlined in the sale agreement, so make sure to read it carefully.
What is a co inspection?
The Certificate Of Occupancy (CO) is issued by the local or state government certifying that the building structure complies with current building codes and is suitable for occupancy. … The inspection focuses on applicable building code provisions and any local zoning provisions or ordinances.
What does CA mean in commercial real estate?
C. CAM. CAM is an acronym for “Common Area Maintenance”. In commercial real estate many leases require the tenant to pay a portion of CAM fees.
What does CA stand for in real estate?
Air conditioning (and “C/A” or “CAC” is. central air conditioning) AEK. All-electric kitchen. Appls.
What does CTG mean in real estate?
Contingent (or CTG): Effectively the same as UAG or Under Agreement, Contingent means that there is an accepted, signed offer. It is a legally binding agreement, but sometimes the sellers will take “backup offers” just in case something happens and the property goes back on the active market.
What does OTP stand for in real estate?
You will need to submit an Offer To Purchase to the seller. Commonly known as an OTP, this is a document that contains all the terms and conditions attached to the purchase, setting out the sale agreement between the seller and the buyer of a property.
What does HOH mean in real estate?
The term homeowners association (HOA) fee refers to an amount of money that must be paid by certain types of residential property owners every month to their homeowners associations (HOAs). These fees are collected to assist the association with maintaining and improving properties.
What does co mean in construction?
13. CO (Certificate of Occupancy) A Certificate of Occupancy certifies that a building complies with building codes and other laws and is issued by the local Building Department.
What does co mean in contracts?
A. A Contracting Officer (CO) is a person who can bind the Federal Government of the United States to a contract.
What is the full meaning of CO?
Co. is used as an abbreviation for company when it is part of the name of an organization.