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Komail M. Mooman, JDIn any real estate deal there are so many issues to consider and manage to make sure that every step of the transaction goes smoothly. You likely know about the larger aspects-performing your due diligence of the property, tenants, finances, title, etc.—but something as seemingly insignificant as zoning could play a major role in the viability of your deal.
What is Zoning?
Zoning is a set of rules and regulations that dictate how a parcel of land can be used. Zoning helps communities set and maintain property values and ensure proper and safe use of its real estate. Zoning can fall into a few categories—land use or ordinance based requirements.
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