Definition of "Rezoning"
Modification made by a municipality to the zoning of a locality. A change in zoning typically has to be requested and approved by a zoning commission and then the legislative body. It can be requested by individuals or businesses. The rezoning will only take place if no negative effects result to the affected citizens and properties within the area.
Popular Real Estate Terms
An agreement by which the owner of property (the lender) and a borrower agree to let the borrower use the property for a particular time period and in return the borrower will pay the ...
Act of obtaining land through condemnation. For example, when in interstate highway must be constructed, the land for the new road is obtained through takings. Usually, the government ...
Directly enhancing the physical nature of the property such as renovating the building, installing a new driveway and parking lot, and gardening. ...
Figure or value which is the starting point in computing gain or loss, depreciation, depletion, and amortization. ...
Right to profit by utilizing the assets of another's land. A profit a' prendre would include the right to use and mine another's property recovering and removing any assets. ...
The handling of an account, as a mortgage serviced by a mortgage banker. The periodic, routine maintenance of household items. ...
Sections of a homeowner policy. Section I relates to the home, contents, and accompanying structures. Section II provides comprehensive coverage for personal liability and the medical ...
A way to sell and finance property by which the seller keeps title but the buyer takes possession while installment payments are being made. The gain is taxed while the mortgage ...
Right to substantive real or personal property having tangible body and form. For example, a corporeal right to a house, property, furniture, or fixtures. ...
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