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

… from you if theres no C of O or TCO You should definitely check if a  basement apartment has a C of O … Is a C of O … for a mortgage may require additional stipulations for the loan approval such as verification of the TCO and validation … going to arrive so the developer or sponsor is doing their best to estimate incentivize and keep people in the …

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

… When you are buying in New York City a good strategy for beating … needs If a seller needs to close on the sale before they can move out that could mean entering into a postclosinga license … Although it looks like the seller is renting back the apartment theyve just sold the contract you sign is …

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

When you search New York City rental listings you may see the term net effective rent or a … amount called the gross rent This can make it difficult to figure out how much money youll be handing over to the landlord each month When landlords offer concessions like a month or two …

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