Subdivision and Development Flashcards
assemblage
combining two or more bits into one larger parcel
plottage
area included in a plot of land
subdivision
divided plots of land with homes for sale
planning boards
organization that establishes strict criteria before approving subdivisions
percolation test
a soil test designed to evaluate the soil’s capacity to accept a subsurface sewage disposal system (septic system).
environmental impact report
a detailed, in-depth analysis of the consequences that a real estate development project might have on the environment in and around the target property
impact fee
a one-time payment imposed by a local government on a property developer
street patterns
the arrangement of streets used in subdivisions
examples are gridiron and curvilinear patters
clustering
the grouping of residential properties on a development site to use the extra land as open space, recreation or agriculture.
plat map
how new development will be laid out
dedicated (streets)
unless streets are private in a new development, streets are given to the municipality
moratorium
halt to further development
FHA standards
standards for residential area subdivisions that are to be submitted for approval for FHA loan
density zoning
places limitations on property development by controlling the number of structures in a given area to control population density
Highlands Water Protection and Planning Act
protects drinking water for over 5.4 million people and helps preserve New Jersey’s dwindling open space
when paving over one acre or more
NJ Pinelands Protection Act
regulates 22% of states land area
Coastal Area Facilities Review Act
law that regulates residential, commercial, public, or industrial development within the CAFRA area (coastal area of NJ)
Waterfront Development Law
regulates areas outside CAFRA area and requires that the DEP approve plans fro development of any waterfront property
Interstate Land Sales Full Disclosure Act
requires those engaged in interstate sale or leasing 25 or more lots to file a statement of record and register details of the land with the Consumer Financial Protection Bureau
Real Estate Land Sales Full Disclosure Act
sets forth regulations that require prior approval and registration with the Bureau of Subdivided Land Sales Control
Bureau of Subdivided Land Sales Control
regulates the offerings of certain types of out-of-state properties when such offerings are conducted in, or directed into the State of New Jersey
planned unit development (PUD)
housing developments that are not subject to the standard zoning requirements, but instead work with the local government to develop criteria that will determine common areas, private areas and building guidelines
Planned Real Estate Development Act
sets requirements similar to Real EState sales Full Disclosure act
Warranty and Builders Registration Act
requires that new homebuilders register a warranty against new home defects for varying periods up to 10 years with the Department of Community Affairs
