Land Use Controls And Regulations Flashcards
A commercial property that may be used for an office to conduct it’s business
Office Space
A spacious commercial property that may be used to conduct industrial activities, such as manufacturing and production
Industrial use property
A commercial property that is used to house multiple families into rental units, such as an apartment complex
Multifamily
Rental
Allows the state to charge a property tax to a property owner and use the money to pay for governmental services
Taxation
As existing business package being sold leased to a buyer
The buyer is often provided with the goods and supplies needed to conduct a business and gets to use the existing business name and goodwill
Business Opportunity
The reputation that is specific to that business entity
In some areas of law, it has been, determined that goodwill is an intangible asset of the company and has a corresponding monetary value. Simply the more popular the company, the higher the value of it’s goodwill
Goodwill
Allows a state to divide it’s jurisdiction into in which certain uses or development of land are permitted or prohibited
Zoning
For property to be considered commercial property what is required?
A. The property must zoned for commercial use
B. Property must valuable
C. The property must a desirable location
D. The property must not be zoned for residential use
A: Property does not need to be valuable to be
considered commercial property. A desirable
location, although coveted, is not required
for property to be considered commercial
property. Also, a property may be zoned for both
commercial and residential use to be considered commercial property.
A business owner seeks a location to rent for a modest-sized call center business. What type of property should they rent?
A. Industrial space
B. Retail space
C. Office Space
D. Multifamily space
Office space would be appropriate for a call center. Industrial space is generaly used
for manufacturing and production use and would
likely be too big for the modest-sized business.
Retail space is used for a business to sell goods
to the public. but the business in question is a
call center. Multifamily space is used for renting
to multiple family esidential purposes, not
for business purposes
A business owner seeks a location for a car manufacturing business. What type of property should they rent?
A. Industrial space
B. Retail space
C. Office Space
D. Multifamily space
A: Industrial space is used for
manufacturing and production.
use or type of property before zoning ordinance that does not conform with zoning ordinance, and the landowner wants to keep it
Nonconforming use
Aim to reduce the risk of loss life and property in the event of flood
Floodplain regulations
Aim to reduce the risk of loss of life and property in event of a flood as well as create regulations to protect coastlines from erosion and to protect the ecosystem
Coastal plains regulations
A granted official zoning ordinance it’s may granted to a property owner who show’s the ordinance they must show that the variance would not be contrary to public welfare
Variance
A person may own their property, but it is subject to the limitations of government powers that may be used against the property
These powers include police power, eminent domain, taxation and escheat
