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Posted by on June 2, 2008, 12:21 pm
an occupancy certificate would be a good start,.....................
> So I looked at a small apartment building -- about a dozen units. It
> was "converted" from a motel to an apartment building without any
> government approvals. Zoning allows both uses (motel and apartments)
> by right. Seller never bothered with notifying the town re change in
> use.
>
> Seller MUST argue that he changed the use or he'll be stuck with a
> HUGE bill for not paying bed tax on a motel units for the last few
> years.
>
> Some rehab done, but not a lot. There are no permits or (of course) C
> of Os.
>
> One are is two story high with flats on both stories. There are no
> sprinklers.
>
> I have the building inspector doing a walk-through next week.
>
> Just how much trouble is this place?
>
> What should I ask the CEO.
>
> I'm just crossing the T-s and dotting the I-s.
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