What does Building Restrictions mean?
Building restrictions are rules that say what you can and what you can't not do when building a house or building on a land. It's like having a list of things you're not allowed to do when you play a game, except this list is for building things.
These rules help make sure that constructions and buildings are safe, look nice, and don't cause problems for the people who live nearby.
So, when you want to build something, you need to follow these restrictions to make sure everything is okay.
Related Terms
Third-Party Origination
Change Frequency
Accelerated Cost Recovery System
Graduated-Payment Mortgage (GPM)
Construction To Permanent Loan
Accessibility
Damper
Insurance
Kick-Out Clause
Bargain Sale
Competent
Mechanic's Lien
Step-Rate Mortgage
Covenant
Consent Judgment
Passive Loss
Corner Influence
Planned-Unit Development