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New Jersey Affidavit of Occupancy and Financial Status

Affidavit Of Occupancy

Name: New Jersey Affidavit of Occupancy and Financial Status
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.8 (318 reviews)

Category:

New Jersey Real Estate - Closings

State:

New Jersey

Control #:

NJ-CLOSE88

Format:

Instant download

Description Affidavit Occupancy Financial Status

This Affidavit of Occupancy and Financial Status form is for buyer(s) to certify at the time of closing that he/she/they will occupy the property as his/her/their primary residence and that there has been no change in his/her/their financial status since the time the loan application was made.

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New Jersey Affidavit Form Form Rating

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New Jersey Affidavit Template Other Form Names

Occupancy Affidavit Occupancy Statement What Is An Occupancy Affidavit

FAQ

NJ Taxation An Affidavit of Consideration (RTF-1 ) must be filed with any deed in which a full or partial exemption is claimed from the Realty Transfer Fee.

In New Jersey, sellers of residential properties must comply with smoke detector, fire extinguisher and carbon monoxide regulations.Depending on the city and county in which the property is located, you may also have to obtain a certificate of occupancy.

A Certificate of Occupancy is the document which is given at the completion of the project. The Certificate of Occupancy, issued by the Construction Official, permits occupancy of a building or structure.

Page 1. The following is a check list for obtaining a Certificate of Occupancy. This inspection is a visual inspection mainly looking for safety hazards and unsanitary conditions along with any Code Violations.

A Temporary Certificate of Occupancy (TCO) may be issued if the work is substantially complete, there are no outstanding health or safety issues and the building or space can be occupied safely. A TCO is issued for a defined period of time during which any remaining items are to be completed.

Realty Transfer Fee: Sellers pay a 1% Realty Transfer Fee on all home sales. The buyer is not responsible for this fee. However, buyers may pay an additional 1% fee on all home sales of $1 million or more. You can find more information on the Realty Transfer Fee, including rates and exemptions, here.

Even if you receive your certificate of occupancy, you may have to meet other inspection requirements before you can sell. In most New Jersey cities, for instance, you can't sell unless the fire inspector approves the number and placement of smoke detectors in your house.

Once the certificate of occupancy is written and issued, it is good for 90 days.

Most towns in New Jersey require a landlord to obtain a new Certificate of Occupancy each and every time a new tenant moves in to a residential dwelling.In towns where certificates of occupancy are required, a dwelling rented without a certificate of occupancy constitutes an illegal contract.

Affidavit Of Occupancy

Description Affidavit Occupancy Financial Status