Property Management
What is a 'certificate of occupancy' (CO) and why is it important in Rhode Island property management?
AA tenant's lease agreement
BA government certificate confirming that a building meets applicable codes and is safe and lawful to occupy; required before new construction or renovations can be occupied✓ Correct
CA title insurance endorsement
DA fire safety inspection certificate
Explanation
A certificate of occupancy is issued by the local building official certifying that new construction or major renovations comply with all applicable codes (building, fire, zoning) and are safe for occupancy. Property managers must ensure a CO is in place before tenanting a building.
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