Land Use Controls & Property Development Flashcards

1
Q

Enabling Acts

A

states delegate to counties and local municipalities the authority to enact ordinances in keeping with general laws

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2
Q

Comprehensive Plan

A

a guide that tries to anticipate changing needs

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3
Q

Zoning Ordinances

A

implement the comprehensive plan and regulate and control the use of land and structure within designated land use districts

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4
Q

Planned Urban Development

A

a development where land is set aside for mixed use purposes

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5
Q

Buffer Zones

A

areas that ease transition from one land use area to another

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6
Q

Conditional Use Permit

A

granted to a property owner to allow a special use of property that is defined and an allowable conditional use within that zone

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7
Q

Variance

A

permits a prohibited land use to avoid undue hardship

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8
Q

Building Codes

A

ordinances to specify construction standards that must be met when repairing or erecting a building

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9
Q

Certificate of Occupancy

A

a certificate of inspection that a building has been found satisfactory

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10
Q

Subdivider

A

segments land into parces

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11
Q

Developer

A

constructs improvements on subdivided parcels

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12
Q

Plat Map

A

a detailed map illustrating the geographic boundaries of individual lots

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13
Q

Density Zoning

A

restrict the average maximum number of houses per acre that may be built within a particular subdivision

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14
Q

Deed Restrictions

A

limitations to the use of property imposed by a past owner or the current owner by inclusion in the deed to the property

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15
Q

Restrictive Covenants (CC&R’s)

A

covenants, conditions and restrictions; private rules set up by the developer that establish standards for all the parcels within the defined subdivision or PUD

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16
Q

Appreciation

A

holding property primarily for increasing value

17
Q

Leverage

A

the use of borrowed money to finance an investment

18
Q

Depreciation

A

allows an investor to recover the cost of an income producing asset through tax deductions over the asset’s useful life

19
Q

Capital Gain

A

the difference between the purchase price of property and its net selling price

20
Q

Liquidity

A

how quickly an asset may be converted into cash