Description
A residential building certificate, also known as a Completion Certificate (CC), is a legal document that confirms a building has been completed and is ready for occupancy: Issued by: Local authorities or the building authority Purpose: Certifies that the building was constructed in compliance with approved plans and regulations Importance: Ensures the building is safe, meets the law, and protects buyers' investments Benefits: Facilitates legal processes, loan approvals, and utility connections Role in real estate: Enhances marketability and resale value, and helps claim property tax benefits A CC is a crucial step in the real estate process, as it: Validates the legitimacy of the construction Ensures the home buyer is not residing in an illegal property Is necessary to obtain certain permissions, like property registration and water and electricity connection Is the first step to getting an occupancy certificate