REAL EST 312 : Chapter_25_-_Regulation_of_land_development.doc
30 Oct 2014
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Chapter 25 regulation of land development o o o o o o. Courts usually lenient in approving zoning codes: localities may not be able to afford making a comprehensive plan. 3 zoning classifications: residential, commercial, industrial: allows tighter control over development location, but zones may be inflexible area needs may change before zoning laws change. However, inflexibility makes land value stable market value known, users known. Nonconforming use: legal use established before present zoning, permitted to continue: owners can"t be ordered to discontinue use unless paid full land value (taking otherwise, nonconforming use usually allowed in hope it will disappear . User who discontinues use cannot resume it later. Nonconforming use can"t be replaced if destroyed. Runs with the land next buyer can continue nonconforming use. Risky for lender nonconforming uses don"t get max financing: whey nonconforming uses don"t disappear . Ordinances can place limit on time they are permitted.
