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
Provision in an insurance policy that caps the insurer's liability by stipulating that the owner of the property that has experienced damage must have another policy that covers usually at ...
A land property estate contingent upon the occurrence or lack of occurrence of a particular event whereupon it can be created, augmented, or dismantled. ...
Insulation covered on each side by a material, such as metal. ...
Listing of property that is open, meaning there is no one real estate agent who has the sole right to sell the property. ...
Temporary financing meeting a developer's financial difference between a construction loan and a permanent mortgage. ...
Intent to deceive or never to carry out the provisions of an agreement. ...
Loan with a significant down payment with the balance being paid in equal periodic payments over a short time period. There is no interest charge. An example is when a seller of real ...
Analysis of a real estate sales data to appraise real estate values. Sources of real estate sales data used in the market data approach include the official records of deeds and leases ...
Tenant agrees to a replacement landlord. ...
Have a question or comment?
We're here to help.