Zoning Due Diligence and the Real Estate Industry

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Zoning and Land Use due diligence has become an important factor for any commercial real estate transaction. Zoning laws, which are constantly changing, dictate how a commercial site or property can be constructed, remodeled or used for business. Lenders, banks, financers, insurers and buyers want to ensure their real estate investment is well protected.

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Zoning Due Diligence and the Real Estate Industry

  1. 1. http://www.pzr.com The Planning & Zoning Resource Corp. (800) 344-2944 Zoning Due Diligence and the Real Estate Industry
  2. 2. http://www.pzr.com The Planning & Zoning Resource Corp. (800) 344-2944 Zoning and Land Use due diligence has become an important factor for any commercial real estate transaction. Zoning laws, which are constantly changing, dictate how a commercial site or property can be constructed, remodeled or used for business. Lenders, banks, financers, insurers and buyers want to ensure their real estate investment is well protected.
  3. 3. http://www.pzr.com The Planning & Zoning Resource Corp. (800) 344-2944 In fact, New Jersey legally requires the buyer to conduct a thorough zoning due diligence investigation before purchasing or building a commercial property. Real Estate lawyers advise their clients (or complete it on their behalf) to perform complete Zoning Due Diligence. Zoning due diligence also educates the buyer and allows for more informed negotiations.
  4. 4. http://www.pzr.com The Planning & Zoning Resource Corp. (800) 344-2944 Below are instances in which a zoning due diligence investigation will identify: Number of parking spaces in existence is less than what was approved by a series of zoning variances. <ul><li>Property cannot be used for new business. </li></ul><ul><li>Part of the building structure is not in compliance. </li></ul><ul><li>Property is involved in a legal dispute unknown to others </li></ul><ul><li>Zoning codes have recently changed and require remodeling </li></ul><ul><li>/additions Much more… </li></ul>
  5. 5. http://www.pzr.com The Planning & Zoning Resource Corp. (800) 344-2944 In fact, interviews with the local/municipal officials may be required to get a complete picture. Banks/Lenders require that the property be in compliance with applicable zoning ordinances with respect to usage, parking, setbacks, height, density, coverage requirements and more. Zoning compliance has become a major factor on the closing checklist.
  6. 6. http://www.pzr.com The Planning & Zoning Resource Corp. (800) 344-2944 Some municipalities issue zoning documents quickly while others take weeks or even months. Zoning Due Diligence Zoning due diligence is the term used when collecting all relevant documents, interpreting them and compiling into a report utilized for financing purposes. This process can become a tedious and time-consuming task. Zoning laws and ordinances are very dynamic.
  7. 7. http://www.pzr.com The Planning & Zoning Resource Corp. (800) 344-2944 Zoning Experts and Firms The hassle of zoning due diligence can be avoided by hiring a Zoning Research and Due Diligence firm. Professional zoning firms can typically acquire all the documents in a timely manner plus provide a third party zoning compliance report. These firms also provide assistance to resolve any zoning compliance issues.
  8. 8. http://www.pzr.com The Planning & Zoning Resource Corp. (800) 344-2944 PZR, Inc. ( www.pzr.com - The Planning and Zoning Resource Corporation) is a Zoning Advisory and Due Diligence firm, which helps buyers (individuals, banks, businesses, etc.), lawyers, title companies, mortgage companies and others with researching and supplying Zoning Due Diligence. PZR has been the industry leader for over a decade and has created their own library and have over 20,000 municipal contacts (quick service) and offers the following services: a) PZR will work to obtain all available municipal documents which saves time from traveling to various municipal locations and locating or researching the documents in person.
  9. 9. http://www.pzr.com The Planning & Zoning Resource Corp. (800) 344-2944 <ul><li>Zoning Verification Letters </li></ul><ul><li>Zoning Reports (PZR Report) </li></ul><ul><li>Building and Zoning Code Violation Letters </li></ul><ul><li>Certificates of Occupancy </li></ul><ul><li>Building Permits </li></ul><ul><li>Variances (Special Use Permits or Conditional Use Permits) </li></ul><ul><li>Planned Unit Developments </li></ul><ul><li>Site Plans </li></ul><ul><li>Zoning Codes </li></ul>Documents PZR provides:
  10. 10. http://www.pzr.com The Planning & Zoning Resource Corp. (800) 344-2944 b) An independent zoning report, known as the PZR Report®: <ul><li>Sets the standard for answering your conformance questions for </li></ul><ul><li>zoning due diligence, title endorsements and insurance needs. </li></ul><ul><li>Provides reliable site zoning analysis and compliance review. </li></ul>c) The PZR Report® is supported by local municipal documentation that provides your staff with a reliable, independently confirmed statement that speaks to the compliance status of the property. d) PZR also provides assistance in resolving specific zoning issues or non-conformities that are revealed out of this review process.
  11. 11. http://www.pzr.com The Planning & Zoning Resource Corp. (800) 344-2944 The Planning and Zoning Resource Corp. www.pzr.com PZR is the Zoning Advisory firm which helps you get all available Zoning Documents for your real estate transaction. Get your Zoning Compliance Report (PZR Report®) supported by municipal documents and Land Title Survey review in an easy, cost effective and quick manner. About :
  12. 12. America's Leading Zoning Consultant Creator and Sole Provider of the PZR Report ® Request a Free Quote Get the answers you need, today. http://www.pzr.com

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