Ads
related to: certificate of completion construction pdfrocketlawyer.com has been visited by 100K+ users in the past month
- Sublease Agreement
Iron Out Your Sublease Agreement
w/Our Consent to Sublease Form!
- Ask A Lawyer
Get Legal Advice in Minutes. Real
Lawyers. Real Answers. Right Now.
- Business Formations
Protect Your Assets.
Make Your New Venture Official.
- Save With Rocket Legal+
One Membership For Everything Legal
The Membership That Pays For Itself
- Sublease Agreement
Search results
Results from the WOW.Com Content Network
The purpose of obtaining a certificate of occupancy is to prove that, according to the law, the house or building is in liveable condition. Generally, such a certificate is necessary to be able to occupy the structure for everyday use, as well as to be able to sign a contract to sell the space and close on a mortgage for the space.
It is also quite usual for the final building to differ in some respects to that which received full plans approval, in which case amended "as built" plans are often required to be submitted to the Local Authority. A "completion certificate" is issued upon completion, as long as the completed work complies with the Building Regulations.
Sectional completion refers to a provision within a construction contract which allows different completion dates for different sections of the works. This is common in larger projects which are completed in stages, allowing the client to take possession of the completed parts whilst construction continues on others. [26]
In the United States construction industry, contract agreements are usually written to allow the owner to withhold (retain) the final payment to the general contractor as "retainage". [3] The contractor is bound by the contract to complete a list of contract items, called a punch list, in order to receive final payment from the owner.
A construction-to-permanent loan finances the construction of a house, then converts to a mortgage on completion. Construction-to-permanent loans only require one round of closing costs compared ...
In the 2009 amendments, the payer or payee can issue the certificate if the contractor administrator fails to do so. The JCT encourages retention of an agreed percentage of the contract sum until practical completion and then a percentage for a period after final completion. This avoids payment in advance for such things as minor defects or ...
Ads
related to: certificate of completion construction pdfrocketlawyer.com has been visited by 100K+ users in the past month