BUYER BEWARE! How Some Builders Are Overcharging For Taxes Thousands of purchasers of new condominiums are being overcharged for property taxes. Here's how it works: when a new condominium is ready for occupancy, the buyer gets the keys and can move in - but title will not be transferred for some months. The period between occupancy and the final closing, when title is transferred, is called the "interim occupancy period." During this time, buyers pay the builder a... [read more]