Property Management
In Louisiana, a 'certificate of occupancy' (CO) for a residential property confirms that:
AThe property has been sold and is occupied
BThe building has been inspected and meets local building codes, making it legally suitable for occupancy✓ Correct
CThe tenant has paid all required deposits
DThe property taxes are current
Explanation
A Certificate of Occupancy (CO) is issued by the local building department after inspection confirms that a building complies with applicable building codes and is safe for occupancy. It is required for new construction and substantial renovations before the property can be legally occupied.
Related Louisiana Property Management Questions
- In Louisiana, a property manager who collects rent on behalf of property owners must:
- A Louisiana property manager who fails to deliver the security deposit or an itemized list of deductions within the legal time period after lease termination may be liable to the tenant for:
- Security deposits collected from tenants in Louisiana must be:
- A property manager who receives a referral fee from a vendor without the property owner's knowledge is violating:
- The capitalization rate used by Louisiana investors to value a property indicates:
- A Louisiana property manager's 'annual operating budget' for a managed property should include:
- In commercial property management, a 'tenant improvement allowance' (TI) is:
- In Louisiana, a month-to-month lease may be terminated by either party with how much advance notice?
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →