A four-plex building was completed six months ago. The owner and three renters occupy it. It is now being sold to our veteran. Do we still need to meet new construction guidelines, as it is currently occupied? The 2nd owner of the four-plex building will be the veteran purchaser. If that happens, the property will be considered as current construction with no constructer or warranty requirements. The new construction requirements will be applied if the proprietorship is currently in the constructors name.