Land Use & Zoning
In Illinois, a 'subdivider' who creates a residential subdivision of more than five lots must comply with the:
AIllinois Zoning Enabling Act
BIllinois Plat Act and local subdivision regulations✓ Correct
CIllinois Condominium Property Act
DIllinois Environmental Protection Act only
Explanation
The Illinois Plat Act and local subdivision ordinances govern the division of land into parcels for sale or development. Creating a subdivision requires preparing and recording a plat (a detailed map showing lot dimensions, streets, easements, etc.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Net Operating Income (NOI)The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
EasementA non-possessory right to use another person's land for a specific purpose.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Math Concepts
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