Can the property be sold without an occupation certificate? It is not strata or house and land package. The CO certifies that the home has a sound structure and sufficient access to utilities to support you living there. It is important to mention that most existing homes already have a Certificate of Occupancy on file with the city. Went to municipal office couple of times requesting to visit the property and provide OC, but didn't work out. WHAT certificates, you ask? >> And in another email : << This work was completed 31 years ago and obviously has stood the test of time. Is it possible to sell flat without occupance certificate (OC) Hi, I have flat in Hyderabad and it is close to 8 years old. ... To calculate the capital gains at the time of selling any property purchased before 1981, its purchase price is now calculated on the basis of the fair market value of 1981. I would like to know that can builder get occupancy certificate without having completion certificate? How to Sell a Home With No Certificate of Occupancy. Some real estate property classes include retail, commercial, residential single family and multifamily properties, mixed used property… Article by listed Attorney: Nanika Prinsloo. Existing Homes Have a Certificate of Occupancy. COs address four important purposes: Use of a Structure: The CO specifies the property’s class. Builder absconded and the property don't have occupancy certificate (OC) for anyone. CERTIFICATES REQUIRED FROM PROPERTY SELLERS. Purposes of a Certificate of Occupancy. A Certificate of Occupancy, also known as C of O, signifies that a house meets all building codes and is safe to inhabit. Most simply, city councils issue occupancy certificates to certify that buildings have been completed in accordance with approved building plans and all legal requirements, including clearance certificates. As attorneys who handle many transfers of properties and sale agreement of houses, the one thing we consistently note is that many sellers are not aware of the certificates they have to supply to the purchaser when they sell the property. When building or moving into a new home, occupational certificates are as necessary as clearance certificates. My client does not wish to obtain one. You therefore cannot legally occupy a home unless a CO exists. A CO means Certificate of Occupancy.When you receive one this means that the town/village says you're in compliance with their building codes and the dwelling is suitable for occupancy. The building department issues the certificate of occupancy when a house or condominium is built and passes the department’s final inspection. However the owner is not in a situation to get a certificate of occupation prior to the auction so the property is going to be offered as is. 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