What does Building Permit mean?
This is a document that is issued by a local government agency that grants permission to construct, alter, or make changes to a building. A building permit is typically required before any work can begin and is designed to ensure that the construction meets all applicable building codes and standards.
Related Terms
Escalation
Forbearance
Cpi and Market Rent Escalation (In a Lease)
Net Cash Flow
Design/Build
Blue-Ribbon Condition
No-Documentation Loan
Veterans Administration (VA)
Balloon Loan
Infill Development
Low Density
Insurable Title
Government National Mortgage Association
Cash-Out Refinance
Greek Revival Style
Fair Housing Act
Warranty
Agreed Boundary