What does Correct Zoning (In a Lease) mean?

Correct zoning is an important consideration when leasing commercial property. Zoning regulations dictate how a piece of land can be used, and they can vary significantly from one location to another. It is important for a tenant to ensure that the property they are leasing is zoned for the type of business they plan to operate. If a property is not correctly zoned, the tenant may face restrictions on their operations or even be forced to close their business.

Related Terms

Equivalent Level Rate (ELR) Common-Interest Development Home Equity Line of Credit Assets Effective Age Limited Partnership Condominium Conversion Mortgage Greek Revival Style Appraised Value Absolute Net Power of Attorney Sales Contract Mortgage broker Interest Accrual Rate Excavation Distressed Property Letter of Intent