The Village of Sleepy Hollow NY 10591 has passed a code change requiring ALL owners/sellers of ALL types of properties, including coops and condos, being sold within the village boundaries to obtain a NEW C of O (Certificate of Occupancy) 60 days or earlier BEFORE the closing date.
It seems that the owner/seller will have to pay $100 for an application, and of course will have to fix any violations noted by the inspector. The Village suggests that if we get or have a property listing to notify the owner/seller of the new requirement and have them apply right away so that this process will not hold up any potential future closing.
However, since the new law says 60 DAYS OR SOONER, the owner/seller will have to have a TIMELY follow up visit from the building inspector ensuring there are no open violations 60 days BEFORE the closing date. Of course, there will be a $50.00 fee for this follow up visit. It seems that the Village has a reliable source that is letting them know who is closing and when, so they are fully aware of who would be in violation of the new law. Please make sure that your owner/seller schedules all applications, corrections and inspections now to avoid future problems.
In addition, the new law has hefty fines attached to it and these fines do not only apply to the owner/seller but also to the real estate agent, architect, etc. This is an ADDED step to the selling process and MUST be done from NOW on.
My guess is that other area municipalities may join into this sooner or later...
Comments (5)Subscribe to CommentsComment