Land Use & Zoning

A 'variance' in zoning law refers to:

AA change in the zoning classification of a parcel

BPermission granted to deviate from specific zoning requirements due to hardship✓ Correct

CA court order overriding a zoning ordinance

DThe difference between appraised and assessed value

Explanation

A variance grants permission to a property owner to deviate from specific zoning requirements (such as setbacks or height limits) when strict compliance would cause undue hardship unique to the property.

People Also Study

Key Terms to Know

Variance

Official 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.

Zoning

Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.

Loan-to-Value Ratio (LTV)

The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.

Encumbrance

Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.