This form is signed on behalf of the Unit Operator in the Unit Agreement. The Agreement serves to unitize the Formation in lands and oil and gas leases which are more fully described in Exhibits to the Agreement. The description of the lands and the oil and gas leases contained in the Exhibits to the Agreement are incorporated into this Certificate for all purposes, and reference is made to the Agreement for a full description of the lands and oil and gas leases.
The New York Certificate of Effectiveness of Unit, also known as the Certificate of Occupancy (CO), is an important legal document that serves as proof of compliance with building codes and regulations. It is issued by the New York City Department of Buildings (DOB) and is required for a wide range of residential and commercial properties. The Certificate of Effectiveness of Unit is crucial in determining the lawful use and occupancy of a building or individual unit. It ensures that the construction and renovations of the property meet the necessary safety and zoning regulations set by the city. This certificate is typically required for new constructions, major renovations, changes in use or occupancy, and even for selling or refinancing a property. There are different types of New York Certificates of Effectiveness of Unit, each serving a specific purpose: 1. Full/Temporary Certificate of Occupancy (CO): This type of certificate is issued when a new building or major renovation is completed, declaring that the entire property or a specific portion can be occupied and used as intended. A full CO indicates that all construction and safety requirements have been satisfactorily met, while a temporary CO may allow limited use until remaining work or inspections are completed. 2. Letter of Completion: This document is issued for minor renovations or alterations that do not affect the building's use or occupancy classification. A letter of completion confirms that the work has been completed in accordance with applicable building codes and regulations. 3. Change in Use or Occupancy: When there is a change in the manner in which a property is used, a certificate may be required to ensure compliance with zoning regulations. This type of CO is issued to verify that the new use or occupancy conforms to the city's guidelines. 4. Amended Certificate of Occupancy: If there are modifications to an existing CO, such as changes in the layout or use of a building, an amended certificate is necessary to reflect the updated information accurately. It is important to note that the process of obtaining a New York Certificate of Effectiveness of Unit can be complex and requires submission of various documents, inspections, and approvals from the DOB. Engaging professionals like architects, engineers, or expediters who are knowledgeable about the city's building codes and regulations can greatly assist in streamlining the application process and ensuring compliance. Obtaining a New York Certificate of Effectiveness of Unit is an essential step in ensuring the safety and legality of a property's use or occupancy. Property owners, developers, and managers should be diligent in obtaining the appropriate certificate for their specific project to avoid penalties, legal issues, or operational disruptions caused by non-compliance with the city's building regulations.
