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Transferring Property in Chicago? Here are few things to know!

When you are about to sell a residential unit in Chicago, you need to have access to the Zoning certificate along with the water certificate. The transfers or sale of real estate properties will not be affected until these certificates are made available. If you are new to Chicago, the exact guidelines and help available can get it more confusing. So, here are a few details that would be helpful in this regard.

One of the best options would be to visit a service provider who has an excellent track record in assisting the residents in obtaining the Zoning and Water certificates. That would perhaps help you save money and efforts. The services like www.chicagowaterzoning.com can be quite helpful in this scenario as they offer quite less for getting you the Water and Zoning Certificate which are needed in case you are transferring the ownership of a property. You can check out your own. favourite options as well.

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What is a Zoning Certificate?

Chicago Zoning certificate refers to the certificate that states the number of legal residential units within a building. The certificate is a must for selling any residential building with 1 to 5 dwelling units. The area occupied by a single family is referred to as a single unit. The certification would not be required for the commercial units as they are covered under a different regime. If you are selling Condos, co-ops, vacant land and commercial property, you would not need to apply for the zoning certificate.

These certificates, one received, are valid for a period of one year. If you have opted for one of the certificates, you can use it for a period of one year before the expiry.

What is Water Certificate?

Likewise, water certificate is a means of applying for the final water bill. This is yet another certificate you should provide while selling or transferring the ownership of any property you may have in Chicago. Once you have made the final water bill payment, it will be indicated that you have paid off all your pending bills with respect to the water and sewerage as on date.

The City of Chicago will need the following documentation:

  • Copy of the deed for transfer or sale of property
  • Title commitment schedule and
  • Sales contract duly signed by the concerned parties.

You may be asked to provide a few other documents as well – depending upon the exact type of dwelling units are being transferred or sold.

The FPC or Full Payment certificate will be required for The City of Chicago to issue transfer stamps and effect the actual transfer of the property between the signed parties.

About the author

Timmappa Kamat

Timmappa Kamat is interested in technology and allied subjects and loves sharing the knowledge through the tech-savvy websites as a freelancer. He has been involved in providing content for a host of technology-based sites on day to day topics in the tech arena. Fond of gadgets and gizmos, he loves working with different apps, tools and software and sharing the knowledge with the world at large.

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