Environmental
Wetlands on a Pennsylvania property may significantly affect development potential because:
AWetlands require immediate drainage before any construction may begin
BFederal and state permits are required to fill or disturb wetlands, and some wetlands may not be developable✓ Correct
CWetlands automatically increase property tax assessments
DPREC requires special disclosure for all wetland properties
Explanation
Wetlands are protected under Section 404 of the federal Clean Water Act and Chapter 105 of Pennsylvania's Clean Streams Law. Development activities that fill or disturb wetlands require permits from the Army Corps of Engineers and PADEP.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
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.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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