Occupancy Permit for Newly Built House

[vinj]

It is required and you will definitely need it in due time. It alsi sgould be proof that the structure was built in compliance to the building codes and laws.It is for your safety and security as well. Kahit sa bank, when they appraise a property with a new structure/improvements, they will look for the occupancy permit.

As for transfer taxes, etc. When we bought a property last year, the seller and the agent made sure all costs were accounted for and whom between the buyer and seller is responsible for settling what item. I basically budgeted and extra 100K for these additional costs even before signing Deed of Sale.