Unit 20: Land use Controls And Property Development Flashcards
Police power is also known as…
Enabling acts
Through_____, states delegate to counties and local municipalities the authority to enact ordinances in keep with general laws.
Enabling acts
Not a regulatory document but a guide that tries to anticipate changing needs is a….
Comprehensive plan
Mater plan is also known as…
Comprehensive plan
________Implements the comprehensive plan and regulate and control the use of land and structures within designated land- use districts, in part by separating conflicting land use
Zoning Ordinances
A development where land is set aside for mixed use purposes, such as residential, commercial, and public areas.
PUD: Planned Unit Development
A ___ is typically a strip of land separating land dedicated to another use.
Buffer Zone
______means that citizens can discuss zoning ordinances before they are enacted in public hearings
Due process of law
A ____ permit is usually required before a ___ permit will be issued.
Zoning
Building
Being grandfathered in is also known as…
Nonconforming use
____________ may be allowed to continue legally as long as it complies with the regulations governing nonconformities in the local ordinance, until the improvement is destroyed or torn down.
Nonconforming use
_____ may be granted to a property owner to allow a special use of property that is defined as allowable conditional use within that zone, such as a house of worship or daycare center in a residential district.
Conditional use permit
_____ is NOT a permanent permit
Conditional use
_____ is a permanent permit
Variance
A _____ will provide relief if zoning regulation deprives an owner of the reasonable use of the property.
Variance
Both _____ and ____ permits are issued by zoning boards only after public hearings.
Variances, and
Conditional use
Most municipalities have enacted ordinances to specify construction standards that must be met when repairing or erecting buildings is known as…
Building codes
Once the completed structure has been inspected and found satisfactory, the building official will issue a____ or occupancy permit
Certificate of Occupancy
The ______ indicating that the property is suitable for habitation must be issued before anyone moves in and usually before a lender will allow closing.
Certificate of occupancy .
A person who buys undeveloped acreage and divides it into smaller lots for sale to individuals or developers or for the subdividers use is a
Subdivider
A ____, who may also be a subdivider, improves the land, constructs homes or other building on the lots, and sells them
Developer
A _____ is a detailed map illustrating the geographic boundaries of individual lots.
Plat Map
_____ is the best visual aid for a new real estate agent.
Plat map
Density Zoning =‘s…
Houses per acre
Limitations to the use of property imposed by a past owner or the current owner by inclusion in the deed to the property and are binding on future guarantees.
Deed Restrictions
____ are private rules set yo by the developer that establish standards for all the parcels within the defined subdivision or PUD..
CC&R’s:
Restrictive covenants, covenants, conditions, and restrictions
Real estate is an avenue of investment open to those interested in holding property primarily for increasing value, known as….
Appreciation
_____ is the use of borrowed money to finance an investment.
Leverage
Depreciation is also known as…
Cost recovery
_____ allows an inventor to recover the cost of an income-producing asset through tax deductions over the assets useful life.
Depreciation
The difference between the purchase price of property and its net selling price
Capitol Gain
Refers to how quickly an asset may be converted into cash
Liquidity
