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Property

Non conforming use

Allow me to introduce you to the concept of nonconforming use in the realm of finance. This refers to a property that does not comply with the designated use for its designated area as per the planning regulations. This could be due to a policy change after the property was built, or because the property was constructed before planning control was established. In either case, this can have significant implications for the property's value and potential uses.

Absolute title

A mortgage deed grants the holder the power to demand full repayment of a debt, under specific conditions, before the scheduled due date. This clause, also known as an accel...

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Catchment area

When discussing finance, it is important to understand the concept of a watershed. A watershed refers to the land area that drains water into a specific body of water, such ...

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Building bye laws

One of the key concepts in finance is local authority control of building standards. This refers to the set of regulations and guidelines put in place by local governments t...

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Zoning

Land use zoning is a fundamental concept in the field of planning. It refers to the process of classifying a geographical area into distinct zones, each designated for a spe...

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