At Equity Real Estate we know that real estate terms can sometimes be confusing. We are going to share with you some common real estate terms and their meanings to help give you a greater understanding when you are trying to buy or sell a home.
*Zoning Ordinance: act of a city or county or other authorities specifying the type of use to which property may be put in specific areas. See zone, zoning.
Example: A typical zoning ordinance defines:
-the purpose for which the ordinance is adopted
-the various zoning classifications and permitted uses within each
-restrictions, such as height limitations
-the procedure for handling nonconforming uses
-the procedure for granting amendments, variances, and hearing appeals
-penalties for violation of the ordinance
At Equity Real Estate we are here to help you navigate the home buying and selling process. Give us a call with any questions!
*Barron's Real Estate Guides; Dictionary of Real Estate Terms