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Unit 18

Bureau of Subdivided Land Sales Control State agency that approves and registers sales of some out of state property
Clustering The grouping of home sites within a subdivision on smaller lots than normal with the remaining land used as common areas
Dedication The voluntary transfer of private property by its owner to the public for some public use such as for streets or schools
Environmental Impact Study (EIS) Engineers report often requires before a building permit is issued
Impact Fees Charges to developers for extra roads expanded schooled etc ...
Moratoium A halt to development, often temporary
Percolation Test Investigation of soil absorption and drainage
Planned Real Estate Development Act Land requiring registration of certain developments in NJ
Planned Unit Development (PUD) A planned combination of diverse land uses such as houses, recreation, and shopping in one contained development or subdivision
Planning Board Municipal body overseeing orderly development of real estate
Plat A map of a town, section, or subdivision indicating the location and boundaries of individual properties
Real Estate Sales Full Disclosure Act Regulations covering the sales of out of state property in NJ
Subdivision The division of a parcel of land into two or more parcels; a tract of land divided by the owner, known as the subdivider, into blocks, building lots, and streets according the a recorded subdivision plat that must comply with local ordinances...
Uniform Construction Code NJ standards for building
Created by: MAK89
Popular Real Estate sets




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