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A Temporary Certificate of Occupancy (TCO) may be issued if the work is substantially complete, there are no outstanding health or safety issues and the building or space can be occupied safely. A TCO is issued for a defined period of time during which any remaining items are to be completed.
An assignment is the complete transfer of one party's interest in an agreement to a third party. In this case, the original tenant is giving all of his or her interest to a new tenant.
A Certificate of Occupancy is the document which is given at the completion of the project. The Certificate of Occupancy, issued by the Construction Official, permits occupancy of a building or structure.
Unlike the Landlord Registration Statement, a Certificate of Occupancy is not a requirement for evicting a tenant in New Jersey.In towns where certificates of occupancy are required, a dwelling rented without a certificate of occupancy constitutes an illegal contract.
Once the certificate of occupancy is written and issued, it is good for 90 days.
The Subtenant or Sublessee is the person who is entering into a lease for some or all of the Landlord's property from the Sublandlord (the original tenant).The Master/Original lease is the lease that the Sublandlord (the original tenant) entered into with the Landlord.
However, it's important to know that even without a lease your landlord is still required to give you a 30-day notice for ending your lease or for increasing your rent. If you refuse to pay the increase in your rent, the landlord has the right to legally begin the eviction process.
Oftentimes, sub-tenants have the right to be presented with an eviction notice in advance of having to move out and, in some jurisdictions, may be able to bring a lawsuit against the landlord.
A tenant has signed a lease or rental agreement with a landlord. A subtenant, on the other hand, is someone who subleases or rents all or part of the rental property from a tenant, and does not sign a lease or rental agreement with the landlord.