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Downzoning
Downzoning A change in zoning from a higher to a lower classification or from a more active to less active classification, such as from residential to conservation, or multifamily to single-family use.
RELATED TERMS--------------------------------------
Change
The appraisal principle that holds that no physical or economic condition remains constant.
Zoning
The division of a city or town into zones and the application of regulations having to do with the architectural design and structural and intended uses of buildings within such zones.
Use
The specific purpose for which a parcel or a building is intended to be used or for which it has been designed or arranged.
SIMILAR TERMS--------------------------------------
Down drain
A drain pipe or similar conduit to allow water to flow from the rain gutter at the edge of the roof to the ground.
Down payment
The portion of a home's purchase price that is paid in cash and is not part of the mortgage loan.
Down spouts
A vertical gutter that empties water from the roof to the ground.
DOWNREIT
An organizational structure that makes it possible for REITs to buy properties using partnership units. The effect is the same as an UPREIT, however, the DOWNREIT is subordinate to the REIT itself, hence the name.
PREVIOUS AND NEXT TERMS--------------------------------------
Dower
The rights of a widow to a portion of her deceased husband's property.
Down drain
A drain pipe or similar conduit to allow water to flow from the rain gutter at the edge of the roof to the ground.
Down payment
The portion of a home's purchase price that is paid in cash and is not part of the mortgage loan.
Down spouts
A vertical gutter that empties water from the roof to the ground.
DOWNREIT
An organizational structure that makes it possible for REITs to buy properties using partnership units. The effect is the same as an UPREIT, however, the DOWNREIT is subordinate to the REIT itself, hence the name.
Downzoning
Dragnet clause
A clause in a mortgage or deed of trust which places the real estate as security for existing debts between the parties.
Drainage
A system of gutters and drainpipes that carry water away from the foundation of a house.
Draw
A payment, made periodically, to a construction contractor or subcontractor as work progresses. A draw is part of a construction loan.
Draw period
On a line of credit, the draw period is the fixed time when a borrower can make withdrawals from the account.
Draws
1) An advancement of money against future earnings. 2) Periodic advances of funds under a construction loan agreement.
This dictionary contains 6433 terms. |
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