Nonconforming Use
property use which is in violation of the current zoning ordinance, but had been in use prior to the zoning ordinance's enactment. A nonconforming use is normally allowed to continue; however, there are certain limitations that are placed on its continuance. A nonconforming use is normally not allowed to expand beyond its current boundaries and if it is a nonconforming building, the building may not be rebuilt, in the event of its destruction, without conforming to the current zoning ordinance.
Popular Real Estate Terms
New cost less accumulated depreciation to date. ...
Entrance or path to a land parcel. Passageway existing from property. An egress may lead to a roadway or some other form of exit. ...
Articles of personal property installed by a tenant under the terms of a lease for purposes of use in his or her trade or business, Trade fixtures are removable by the tenant before the ...
Favorable occurrence providing a good chance for success, usually in financial terms. ...
The imposition or collection, usually by legal or governmental authority, of an assessment of a specified amount. An example is a tax assessment on real estate. ...
Financial institution that channels the savings of its depositors mostly into mortgage and home improvement loans. It concentrates on originating , servicing, and holding mortgage loans. ...
Period of time between valuations of property for tax purposes in a given locality. ...
Fee payable because of late payment. For example, a mortgagor is assessed a $30 late charge by the bank for not paying the mortgage payment when due. ...
Potential customer or client in which there is a realistic chance of making the sale for the product or service. An example is a prospective purchaser of real estate that the real estate ...
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