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19 Cards in this Set
- Front
- Back
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What does rights of ownership mean?
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Purchaser buys rights of ownership held by seller; described as bundle of rights.
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What rights of ownership is the purchaser buying from the seller?
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possession, control, enjoyment, exclusion, and disposition.
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What are characteristics of residential property?
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All property is used for housing. Examples acreages to small city; single family and multifamily, in urban, suburban and rural areas.
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What are characteristics of commercial property?
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Zoned and designated as commercial use. Example: business property, office space, shopping centers, fronts, theaters, hotels and parking facilities.
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What are characteristics of industrial property?
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Zoned to provide facilities for an industrial and industry oriented community with special emphasis given to community compatibility and aesthetics.
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What are the benefits of industry?
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Readiness of site reduces time lag.
Gives advantages to large scale operations, such as sewage plant to smaller scale industries. "Package plan" relieves industry of need to develop sites. Investment protected through covenants. |
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What are the benefits to community?
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Economy is stimulated.
Diversification of economic base. Allows efficient extension of municipal services. Compatibility and soundness in land use relationships. |
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What limitations does an industrial park have?
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Lack of suitability to all types of industry.
Unanticipated restrictions on production. Expansion problems. Traffic congestion. |
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What role does police power have in subdivision/planning and zoning?
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Authority given in state constitution to protect public's health, safety, morals, and general welfare and inquires a license to sell real estate.
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What are enabling acts?
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They allow for local governments to regulate land use through zoning, have the power to tax, regulate pollution, environmental and rent controls.
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What is zoning?
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Regulates land use by classification; made possible by state enabling acts.
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What is nonconforming use?
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Building's that use prior zoning laws being effective; use will become prohibitive if building is destroyed, abandoned, or failure to continue use; sale will not always terminate use.
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What is a variance?
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It is an exception to zoning laws; an authorized zoning violation.
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What is spot zoning?
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Variations of zoning in small areas that differ significantly form adjoining parcels; not in harmony with the general plan.
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What is aesthic zoning?
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Specific architectural style is required.
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What is buffer zone?
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Allows green space to deaden or buffer noise.
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What is a Planned Unit Developments (PUD)?
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Produces a high density of dwellings and maximum use of open space; "overlaying zoning: or cluster zoning is used. Example: It allows mixed use of commercial, industrial and higher density than typical zoning
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What is a Transfer of development rights (TDR)
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This is when one PUD can be sold to developer of another PUD requires city approval.
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What is a city plan specifications?
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It is called master; general plan, comprehensive plan. Provides for physical development of city; directs land use by controlling public facilities, circulation, conservation, noise problems.
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