TOLOSA PROPERTY GROUP REAL ESTATE ADVISORY SERVICES
  • Home
  • FREE 15-Minute Call
  • Coaching Program
  • Consulting/Resources
  • Done For You
  • Education
  • DRES Podcast
  • Entitle and Flip Deal Platform
  • Testimonials
  • Contact Us
  • Member Access
Picture

Grandfathering

6/30/2021

0 Comments

 
​What is grandfathering? For our purposes it pertains to how a piece of land is used.

The technical term is legal nonconforming and it applies to land uses that were legally established at the time the use began but since that time a regulation, typically zoning, has changed to no longer allow for that use. So the first part of the term, “legal” refers to the fact that the use was legally established while the second part of the term “non-conforming” refers to the fact that the use does not comply with current zoning standards.
​
Once you remove the legal non-confirming use, you typically cannot reestablish that use and you then must bring the property up to the current standards. For example, if you have a house in a commercial zone that no longer allows for a residential use and you demolish it, you may be stuck having to build a commercial project. That may be great when the market supports it, but if it doesn’t you may be left with a property that can’t be developed or sold to someone that wants to.

Lastly, be aware that some regulations make it so that if you demolish only 50% of the legal non-conforming use you will then have to bring it up to current standards. So if you demolish 51% of a house you may get stuck.
Something to look out for on your next land purchase. Be informed, don’t get left holding the bag!
Picture
0 Comments



Leave a Reply.

    Who are we?

    Our purpose is to inform and advise investors through next level education and services so they can distinguish themselves in their market.

    We do that by demystifying opportunities that can significantly add to their business.

    While most land investing strategies focus on discounted acquisitions, we focus on opportunities that add value.

    Either is great, but both is better!

    Archives

    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    January 2021
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020

    Categories

    All
    Add Value
    Coaching Program
    Done For You
    Due Diligence
    Entitle And Flip
    Entitle And Flip Newsletter
    Entitlements
    Forced Appreciation
    Giveaway
    Insipration
    Just For Fun
    Land Valuation
    Media
    Podcasts
    REZONING FOR PROFITS
    Subdivision
    Testimonial
    Tips
    Underutilized
    Zoning

    RSS Feed

Proudly powered by Weebly
  • Home
  • FREE 15-Minute Call
  • Coaching Program
  • Consulting/Resources
  • Done For You
  • Education
  • DRES Podcast
  • Entitle and Flip Deal Platform
  • Testimonials
  • Contact Us
  • Member Access