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Real Estate Glossary

What does Certificate of Occupancy mean?

This is a document that is issued by a local government agency to certify that a building or structure is safe and suitable for occupancy. A certificate of occupancy is typically required before a building can be used or leased, and it may be necessary to obtain a new certificate if the use of the building changes or if significant renovations are made.

Active Solar System

Appraisal Contingency

Before-Tax Income

Bilateral Contract

Cash-Out Refinance

Commencement Date

Conservator

Debt Coverage Ratio

Good faith Estimate

Grace Period

Lease Buyout

Metes and Bounds

POF proof of fund

Recission

Repayment Plan

Right of First offer

Sale-Leaseback

Title Contingency

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, OH, SC, TN and TX.
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IDX© information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate.

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Beycome fully supports the Equal Housing Opportunity laws.

Artur

Real Estate Assistant