What must a contractor obtain before leasing a space in a new building?

A Certificate of Occupancy is essential for a contractor before leasing a space in a new building because it verifies that the building meets all applicable building codes, safety regulations, and zoning laws. This certificate indicates that the structure is safe for use, which is crucial for any business operations to commence legally.

This document is typically issued by the local government or building department after inspections have been completed. Without it, a contractor would not have the legal right to occupy or utilize the space for its intended purpose, which could lead to violations and potential legal issues.

Obtaining a Certificate of Substantial Completion, while important in the construction process, pertains to the phase of work being completed rather than the occupancy status of the building. A License of Operation is required for the business to operate but does not specifically relate to the occupancy of the physical space itself. A Bonding Certificate is associated with financial security for projects rather than occupation status. Therefore, the necessity of the Certificate of Occupancy clearly outlines why it is the correct answer in the context of leasing a space in a building.