Real Estate - Chapter 18 Flashcards

Real Estate - Chapter 18 Flashcards Flod zones "A" and "V" are considered to be areas prone to flooding at least 1% of the time each year.Special Flood Hazard Area A parcel of land separating two other parcel or areas, such as a parcel of land between residential and commercial properties.Buffer Zone Residential progject with mixed land uses and high residential density.Planned Unit Development A report of the probable effect of a development on the surrounding area.Environmental Impact Statement (EIS) Performed by local government inspectors before a certificate ofoccupancy is issued to assure that the structure satisfies code requirements Building Inspection Local law that restricts the use of land to various classifications, such as residental and commercial.Zoning Ordinance issued after construction is substantially completed indicating that the premises are habitable.Certificate of Occupancy Codes adpoted by local governments governing acceptable building construction standards and materials.Building code Local laws that protect the health and well-being of the citizens in a community.Health Ordinance An individual ruling in which a property is granted the right to use otherwise contrary to law.Special Exception A state mandate that infastructure needed to support additional growth must be in place before any new development is permitted.Concurrency An exception to strict compliance with zoning regulations or ordinances granted to relieve a hardship.Variance A use of property which no longer conforms to the current zoning regulations, but its continued use is allowed because the use waslawfully established and maintained prior to the change in zoning.Nonconforming Use Written authority by a unit of government (county or city) for the construction of a new building or other improvement, or for the repair or demolition of an existing structure.Building Permit