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Define Certificate of Occupancy in Real Estate

Certificate of Occupancy: 

A certificate of occupancy is a document issued by a government agency that certifies a building or structure is safe to be occupied and meets all necessary codes and regulations.

Example: 

Let's say a builder just finished constructing a new house. Before the homeowner can move in, the local government's building department will need to inspect the property and issue a certificate of occupancy to ensure that the home is safe and up to code.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

Oh, a certificate of occupancy, a very important thing, for it means your new home is safe, and it won't sway or swing!
The government will come to inspect and ensure that all is well, then they'll give you that certificate, and your new home will be swell!