Assessment Flashcards
most subdivisions are laid out by use of ___ and ___
lots and blocks
the device by which local governments establish development goals
comprehensive plan
document issued by a building inspector after a newly constructed building is found satisfactory
certificate of occupancy
local laws that implement a comprehensive plan and regulate the control of land and structures within districts
zoning ordinances
the legal means by which states confer zoning powers on local government
enabling acts
areas such as parks used to screen residential from nonresidential areas
buffer zones
use of a relatively small amount of initial capital to finance the purchase of real estate
leverage
specifying certain types of architecture for new buildings
aesthetic zoning
a lot of improvement that is not in harmony with current zoning because it existed prior to the enactment or amendment of the zoning
nonconforming use
the device by which a day care center might be permitted to operate in a residential neighborhood
conditional use permit
a form of permitted use, despite being prohibited by zoning, that is granted to an owner because of unique hardship caused by the regulation
variance
an item that a property owner must obtain from municipal officials before constructing a new building
building permit
a person who buys undeveloped acreage and divides it into smaller lots for sale to others
subdivider
an individual who constructs improvements and sells them
developer
what homeowners and investors who own real estate hope to benefit from in the future
appreciation
ordinances that restrict the average maximum number of houses per acre
density zoning
standards for building style, setbacks, and use that are included in a deed for property in a subdivision
restrictive covenants
ordinances that specify construction and safety standards for construction
building codes
a developer where land is set aside for mixed use properties, such as residential, commercial, and public areas
planned unit developments (PUD)
law that requires developers to file statements with HUD before the developer can market unimproved lots interstate
Interstate Land Sales Full disclosure Act (ILSA)
ensuring that certain uses are incorporated into developments
incentive zoning
land is partitioned according to its use into ___
zones
zoning laws that specify certain types of architecture for all new construction
aesthetic zoning ordinances
along with an application for subdivision approval, a developer often must submit a(n) ___ to explain what effect the proposed development will have on the surrounding area
Environmental Impact report
private rules established by a developer for all parcels within the defined subdivision
covenants, conditions, and restrictions (CC&Rs)
the federal government passed the ___ to help prevent fraudulent marketing schemes when land is sold without being seen by purchasers
Interstate Land Sales Full Disclosure Act
A(n) ___ permits a prohibited land use to avoid undue hardship
variance
a developer must keep the average number of units in the development at or below the maximum number per acre, which is called the ___
gross density
A(n) ___ allows a noncomforming but related land use
conditional-use permit (CUP)
taking previously undeveloped acreage and splitting it into smaller lots for sale
subdivision
zoning laws that control overcrowding by requiring setbacks or limiting building heights
bulk zoning ordinances
a(n) ___ creates the broad, general framework for a community, and ___ define the details and implement the plan
1) comprehensive plan
2) zoning ordinances
___ ensures that certain types of uses are incorporated into developments
incentive zoning
no uniform planning and land development legislation affects the ___.
entire country
one negative aspect of subdivision development is the potential for increased ___.
tax burdens
A(n) ___ provides relief if zoning regulations deprive an owner of the reasonable use of the property
variance
___ are usually required before building permits can be issued.
zoning permits
zoning permits are usually required before ___ can be issued.
building permits
a person who buys undeveloped acreage and divides it into smaller lots for sale to individuals or developers
subdivider
a detailed map that illustrates the geographic boundaries of individual lots in a subdivision
plat
the legal principle that a right may be lost through undue delay or failure to assert it
laches
the average number of residential units per acre in a development
development’s gross density
one way for a real estate investor to acquire a new property without incurring tax on a transferred property is by making use of a(n) ___.
exchange
the ___ requires developers of unimproved property offered in interstate commerce by telephone or through the mail to file a disclosure statement with HUD, with certain exceptions
Interstate Land Sales Full Disclosure Act
the Interstate Land Sales Full Disclosure Act requires developers of unimproved property offered in interstate commerce by telephone or through the mail to file a(n) ___ with ___, with certain exceptions
disclosure statement
HUD