What is the certificate of occupancy and why is it such a big deal?

… When youre buying in New York City one of the documents you will need to obtain is the certificate of occupancy which is sometimes shortened to C of O or just CO It identifies how a … earlier version of this article was published in November 2024 We are presenting it again with updated information for …

By Evelyn Battaglia |October 7, 2025 - 2:00PM
What is a post-closing possession agreement and what are the risks for buyers and sellers?

… out that could mean entering into a postclosing possession agreement which allows a seller to remain in the apartment … date outlined in the contract  … The difference between a lease and a license … Although it looks like the seller is … parties different rights  A tenant has many more rights in NYC and New York State and any eviction proceeding would …

By Brick Underground |July 16, 2025 - 12:30PM
Understanding net effective rent: Here's how to calculate your real monthly rent

… amount called the gross rent This can make it difficult to figure out how much money youll be handing over to the … When landlords offer concessions like a month or two of free rent to encourage you to sign a lease they often advertise the apartment at the net effective rent which means the …

By Jennifer White Karp |March 26, 2025 - 4:00PM