Property & Zoning
Physical and regulatory characteristics of commercial property. Covers measurement, location, land use rules, and the permits and variances that govern what can be built and where.
Building Permit
A building permit is government authorization required before construction or significant renovation, confirming work meets codes and zoning rules.
Variance
A variance is a formal exception from zoning requirements granted by a local zoning board, allowing deviation from rules such as setbacks or height limits.
Zoning
Zoning is the local regulatory framework controlling how land and buildings in defined areas may be used, central to CRE development and investment.
Square Feet
Square feet is the standard U.S. unit for measuring commercial space, used to price leases and compare properties, with usable and rentable distinctions.
Adjoining
Adjoining properties share a common boundary, making them physically touching, which matters for easements, access, and land assemblage.
Contiguous
Contiguous describes spaces or parcels that directly adjoin one another, often combined to accommodate a larger tenant.
Situs
Situs is the legal location of a property, which determines the jurisdiction governing its taxation, legal proceedings, and regulatory compliance.