Zoning regulations allowing land uses and activities not covered under other zoning classifications. Examples include detention centers and prisons, government buildings, sewer treatment facilities, cemetaries, churches, and landfills. Conditional zoning is often allowed through special-use permits, also known as conditional-use permits.
1. Permission from zoning authorities to deviate from existing zoning regulations.
2. Government authorization allowing land use that is currently not permitted within a specified zoning district, usually for the health and welfare of the community, such as a hospital in a residential zone.
Definition: The written policies, guidelines, disclosures, and legal terms for a specific auction sale, which describe how the sale is to be conducted, the rights and responsibilities of auction participants, any reserves on sale items, payment procedures, fees or other charges paid by buyers, bidder qualifications, and so on. The conditions of sale are usually made available to prospective auction participants prior to the sale itself. Also known as the "terms and conditions" or "auction rules".
Terms, Definitions, and Concepts: Auction, Real Estate
An estate in real property consisting of an individual interest in an apartment or commercial unit, and an undivided common interest in the common areas such as the land, parking areas, elevators, stairways, and the like.
A condominium property regime (CPR) is a form of ownership of real property where the owner has title to a specific dwelling unit as well as an undivided interest in a proportion of the common areas as a tenant in common.
See also Title, Strata title, Company title, and Common areas.
1. An easement designed to preserve and protect open space or important natural areas. 2. A legal agreement between a landowner and either a land trust or government entity that restricts land use and development on a parcel of real property so as to preserve and protect its conservation and natural resource values.
Acts done by a landlord which so materially disturb or impair the tenant's enjoyment of the leased premises that a tenant is effectively forced to move out and terminate the lease without liability for any further rent
A legal agreement between competent parties who agree to perform or refrain from performing certain acts for a consideration. In real estate, there are many different types of contracts, including listings, contracts of sale, options, mortgages, assignments, leases, deeds, escrow agreements, and loan commitments, among others.
A life estate that is intentionally and
voluntarily created by an owner of real estate, either by deed if the owner is
alive or through a will if he or she is deceased. The estate is conveyed to a
life tenant, who holds the estate until his or her death. During the life of
the life tenant, he or she enjoys all the rights and privileges of property
ownership, except that he or she is prohibited from laying or committing waste
to or upon the property (damaging the property or causing its value to
diminish). A conventional life estate ends upon the death of the life tenant.
Ownership of the property passes to another or reverts to the original owner or
his heirs, depending on the provisions of the life estate.
If the conventional life estate is also an estate pur autre vie, the estate is held for the duration of the life of some other specified person rather than the life tenant.
1. The transfer of title to real property by means of a written instrument such as a deed, a will, or an assignment of a lease.
2. The act of transferring title to real property from the owner(s) to another person or group of persons.
A tenancy at will that was recorded in a court ownership roll. Copyholds were not, strictly spoken, inherited, but were customarily so. The landowner who would "admit" the heir to the lands of the decedent.
1. Real or personal property that is visible and has physical form, as opposed to intangible property such as rights or patents.
Same as tangible property.
2. Real property consisting of land, improvements to the land (tenements), and physical appurtenances such as sidewalks.