what is a variance in real estate

Best answer

A variance in real estate is anexception to any local zoning law;think of it as a waiver for any standard zoning regulation. As opposed to zoning law changes,which affect all properties in a zone,a variance may only be granted on a case-by-case basis and only applies to specific requests made by property owners or investors.

People also ask

  • What does it mean when a property has a variance?

  • If a property has a land variance the town granted the owner permission to use their land in a way that isn’t normally permitted. It can be an exception to a zoning ordinance (like a business in an area zoned residential), a building code, or a municipal code.

  • What is a zoning variance and how does it work?

  • Essentially, a property owner requests a variance when their planned use of their property deviates from local zoning laws designed to protect property values. If granted, a variance acts as a waiver to some aspect of the zoning law or regulations.

  • What is an area variance?

  • Area variance is an authorization to use the land in a way that is not allowed or severely hindered by dimensional and/or physical requirements of the zoning regulations in place. Area variances are more common and more easily approved.

  • What is a use variance?

  • Use variance is an authorization to use the land for a purpose that is otherwise not allowed or severely hindered by zoning regulations in place. Use variances are more controversial, because the changes required may affect neighboring lot owners or users.

    Similar Posts

    Leave a Reply

    Your email address will not be published. Required fields are marked *