oning laws may affect the change, and a real estate
value of your real estate investment that is zoned
investment. There are three commercial or residential today
main zoning area, and these are may be rezoned for another use in
residential, commercial, and the future.
industrial. Residential zoning
applies to residences and multi If you invest in real estate that
family dwellings, commercial is rental property, your tenants
zoning usually applies to may cause zoning problems.
businesses, and industrial zoning Tenants who run a business from
normally applies to manufacturing their home may unknowingly
shops and plants. Zoning laws violate zoning laws, so it is
will vary from area to area and very important to have a clause
city to city, so make sure that in your lease agreement stating
you know the zoning restrictions what can and can not be done on
on any real estate before you your rental premises. Most home
invest. based businesses are not a
problem, but if the tenant has
The purpose of zoning laws is to customers coming to the property,
specify what types of dwellings there may be complaints about
or businesses may reside in a noise or traffic which can cause
certain area. Obviously you would problems.
not want to see an adult
entertainment club next to an Another way that zoning laws may
elementary school, or a affect your real estate
manufacturing plant in the middle investment is when zoning is
of a residential area. Zoning changed from one class to
laws group areas of the town or another. If the zoning is changed
city into specific areas for each from residential to another class
type of land use. Zoning laws may this can mean a higher property
value, which means more value for property before they invest. Find
your investment.. If the class is out what these laws are and any
changed to residential then the proposed changes. This can save
property value may drop, causing you a lot of money and
you to lose money on your aggravation. Make sure that your
investment. Sometimes there is a lease agreement states what
conditional zoning requirement. activities are allowed and not
One case may be where a residence allowed on the rental premises.
has existed on a property for Find out what the other
years. If the zoning laws change properties in the same area as
the area from residential to the possible investment are
commercial, the city can not zoned. By being aware of the
force the owner to sell or tear zoning laws and requirements you
down the residence. But if the will avoid some costly and time
home is destroyed in a natural consuming mistakes.
disaster or fire it can not be
rebuilt, and only commercial Copyright © 2007 Joel Teo. All
buildings can be built on the rights reserved. (You may publish
land. this article in its entirety with
the following author's
It is very important for a real information with live links
estate investor to know the only.)
zoning requirements of any
About the Author:
Joel Teo writes on various financial topics including Las Vegas Real Estate . Learn about Las Vegas Real Estate Investment at http://www.RealEstateInvestment101.info .
Read more articles by:
Joel Teo
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