Temporary Certificate of Occupancy (TCO)
En español: Certificado temporal de ocupación (TCO)
A temporary certificate of occupancy allows part of a building to be occupied before the whole project is finished, for a limited time and on stated conditions. It is granted when the occupied portion is safe and complete even though work continues elsewhere, and it expires.
- It buys income early and it costs discipline. The remaining work has to finish while tenants are already living in the building.
- It expires and can require renewal, sometimes with a fee or a bond. Treat it as a deadline, not as a permission.
- Lenders and insurers read it carefully. Some will not fund or bind final coverage on a TCO alone.
- In diligence, a TCO on an existing building is a question: what was never finished, and who is responsible for finishing it.
Related terms
All termsCertificate of Occupancy (CO)
A certificate of occupancy is the building department's written statement that a completed building meets code and may be legally occupied.
DevelopmentHard Costs
Hard costs are the cost of the physical building: site work, structure, envelope, systems, finishes, and the contractor's general conditions, overhead and fee.
DevelopmentPublic Works
Public Works is the part of a project that happens outside the property line: the sidewalk, the curb, drainage, paving, street trees, and the water and sewer connections, along with the permits to touch any of it.
Terms arrive with the writing.
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