Wake North Carolina Affidavit of Occupancy and Financial Status

State:
North Carolina
County:
Wake
Control #:
NC-CLOSE88
Format:
Word; 
Rich Text
Instant download

Description

This Affidavit of Occupancy and Financial Status form is for buyer(s) to certify at the time of closing that he/she/they will occupy the property as his/her/their primary residence and that there has been no change in his/her/their financial status since the time the loan application was made.

The Wake North Carolina Affidavit of Occupancy and Financial Status is a legal document that serves as proof of occupancy and financial standing in relation to real estate properties located within Wake County, North Carolina. This document is commonly used in various real estate transactions, such as mortgage applications, property sales, and leasing agreements. The Wake North Carolina Affidavit of Occupancy and Financial Status contains detailed information about the individual or entity declaring their occupation and financial stability related to the property. It helps ensure that the information provided is true and accurate, thus protecting the interests of all parties involved. Keywords: 1. Wake North Carolina: Refers to the specific geographic location where the affidavit is applicable, i.e., Wake County, North Carolina. 2. Affidavit: A written statement made under oath or affirmation and signed in the presence of a notary public or other authorized officer. 3. Occupancy: Refers to the state of residing or having possession of a property. 4. Financial Status: Indicates the individual's or entity's current financial condition. 5. Real Estate: Pertains to property consisting of land and the buildings on it or any natural resources within that area. Different types of Wake North Carolina Affidavit of Occupancy and Financial Status documents might include: 1. Mortgage Affidavit of Occupancy and Financial Status: Used when applying for a mortgage loan, this type of affidavit gathers information about the applicant's current occupancy and financial condition related to the property. 2. Sales Affidavit of Occupancy and Financial Status: This affidavit is employed during property sales, ensuring that the seller provides accurate information regarding their occupancy and financial status. 3. Lease Affidavit of Occupancy and Financial Status: Used in lease agreements, this type of affidavit verifies the occupant's financial stability and occupancy details before entering into a lease contract. 4. Transfer Affidavit of Occupancy and Financial Status: This affidavit is utilized when transferring or inheriting property, ensuring that the new owner's financial status is in good standing and their occupancy details are legitimate. It is important to consult with legal professionals or real estate experts to understand specific details and requirements related to the Wake North Carolina Affidavit of Occupancy and Financial Status, as variations may exist based on individual circumstances and transaction types.

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FAQ

Generally, no. However, if an easement is located on your property, a fence permit will be required. If there is an easement on your property, please submit a fence permit through our Electronic Plan Review portal. A fence is not permitted in a Town of Wake Forest public easement per UDO Section 6.10.

A Residential Permit Application is required regardless of the size of an accessory structure. You will receive either a zoning permit if under 12 feet in any direction (length, width, or height) or a building permit if an accessory structure exceeds 12 feet in any direction (length, width, or height).

An accessory building is a detached building, like a shed or detached garage, that is on the same lot as a single or two-family home but is used for a different purpose. Accessory buildings with any dimension greater than 12' require a building permit.

When construction is completed, a Certificate of Occupancy (CO) is issued by Mecklenburg County Code Enforcement to provide official verification that the site is in compliance with current regulations and the approved site and building plans.

From Longman Business DictionaryRelated topics: Finance cer?tificate of ?occupancy noun countable a document that states that a building has been officially checked and is suitable for a particular useThe completed building cannot be used until a written Certificate of Occupancy has been issued by the inspectors.

A Certificate of Occupancy (CO) is issued when a building has passed all inspections and is ready for use. A new building cannot be legally occupied until a CO has been issued. A partial or temporary CO may be issued when a building is safe to occupy temporarily while remaining issues are resolved and approved.

The purpose of obtaining the said permit is to confirm that the house or building is in a suitable living condition considering its compliance to the provisions of the code and to the submitted plans and specifications. However, a process should be conducted first before having an Occupancy Permit.

For any accessory building, such as a shed, with any dimension exceeding 12 feet, The North Carolina State Building Code requires that a permit be issued, though a 12'x12' shed doesn't normally need a permit. Each county or local municipality manages this process differently and with varying fee structures.

Failing to obtain a permit when required may result in substantial fines or being ordered to remove the offending project or incur costs to certify compliance with the applicable codes; it depends. What may surprise licensees is how many seemingly minor improvements/repairs may require a permit.

The certificate of occupancy must be framed and posted within ten feet of the primary entry door, or approved the alternate location, with the top of the frame measuring no higher than six feet above the floor and an immediate view of the public.

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More info

Ated with a licensed real estate broker in this State. First, review all the steps below so you know how to open, complete, sign, and save your Occupancy Affidavit file to your computer.Contact Information. North Carolina Department of Revenue. Bar Association and the North Carolina Association of REALTORS®. STATE OF NORTH CAROLINA. 2009-00955. SEARCH WARRANT. Wake. Versions of the North Carolina State Building Code, as listed below. Subscribe to Justia's Free Newsletters featuring summaries of federal and state court opinions. 550 North Chestnut Street Lumberton, NC 28358.

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Wake North Carolina Affidavit of Occupancy and Financial Status