The difference between building and occupation certificates
So, you’ve found the home of your dreams, and now it’s time to perform due diligence on the property. The contract of sale stipulates there is no building certificate. However, the selling agent has said there is an occupation certificate, so it’s ok because they’re virtually the same thing. Actually, NO, they’re not the same and there is a potential risk attached to moving forward with a purchase like this. Here is an explanation on the difference between the two, as it stands in New South Wales.