"America's Leading Zoning Consultant and Analysis Provider"
(Vocus/PRWEB) March 24, 2011
Zoning analysis and due diligence (zoning reports) for commercial real estate closings can sometimes be difficult to obtain or order. Most commercial real-estate transactions require zoning documents from an authorized agency confirming the zoning on the property in question. Zoning due diligence for banks, lending institutions, REITS, title insurance companies, buyers, real estate attorneys, property managers and state agencies is often a complex task as zoning laws and codes change frequently and current zoning due diligence and analysis is required. The Planning and Zoning Resource Corporation makes this process much easier by offering online services to buyers, attorneys, banks, title insurers, property managers and more!
The zoning of a property determines what type of structures may be built, remodeled, specifies land use, property use, parking, and much more. For example, a land owner may want to demolish the existing structure and build a shopping mall. Zoning details gives the owner details as to what may be built on his or her property. The zoning information will identify if the planned construction, such as a shopping mall, is allowed plus includes height, size, location rules, parking rules, and other restrictions apply when developing.
This process becomes even more arduous for multi-site and multi-location real estate transactions. For example, an Equity firm or REIT wants to invest in a National Retail Chain portfolio including sixty stores across five states. A complete and expert zoning analysis and zoning due diligence is required supported by municipal documentation. Buyers, lenders or insurance companies do not have the time or the contacts available within municipalities to handle such cases. That’s when lenders and buyers utilize the Planning and Zoning Resource Corporation for zoning analysis, advice and service needs.
PZR has developed a zoning report format supported by municipal documentation which provides companies with a reliable, independently confirmed statement that speaks to the compliance status of your property’s existing use, setbacks, height, density and parking. PZR will provide you with a zoning report early in the due diligence process so that comfort levels can be reached as to legal conforming and nonconforming issues.
PZR Zoning report is extensive and includes:
The specific zoning designation of the site, as established by the current municipal code.
The uses allowed under the zoning designation established by the zoning ordinance and whether the present use of the subject site is legally permitted.
The minimum yard or setback requirements and a review of the survey for compliance.
The building height requirement, whether by number of stories or actual height above ground level, and a review of the survey for compliance.
The bulk or density restrictions of the property, and a determination of compliance.
The formula for determining the minimum parking requirement, and a comparison of the required parking count to the actual site count.
Special circumstances to be considered could include legal non-compliance of any of the above factors, the issuance of zoning compliance letters from the municipalities, the existence of variances, council minutes, certificates of occupancy, building inspections and the effect of site plan approval.
The Planning and Zoning Resource Corporation (PZR) provides zoning analysis, due diligence and provides several services.
Zoning Verification Letters
Building and Zoning Code Violation Letters
Certificates of Occupancy
Variances, Special Use Permits or Conditional Use Permits
Planned Unit Developments
ALTA Land Title Survey Coordination through SRN
PZR is the leading commercial zoning company due diligence and zoning analyst in America. The Planning and Zoning Resource Corporation been an integral part of some of the largest multi-site transactions on record, as well as single site transactions financed by local and national lenders. The Planning and Zoning Resource Corporation is the creator and sole provider of The PZR Report (Zoning Report) which sets the standard in zoning reports, letters, analysis, endorsements and is highly recognized and accepted by virtually every segment of the commercial real estate industry.
The Planning & Zoning Resource Corp. (PZR) has been providing zoning due diligence since 1994 and is America’s largest zoning due diligence provider of zoning analysis and documentation allowing the insurer to issue their Zoning 3.1and 3.0 Endorsements.
PZR is America’s largest Zoning Advisory firm which analyzes the risk associated with commercial property transactions and provides all available Zoning Documents. Request a quick project quote or a Zoning Compliance Report (PZR Report) which is supported by municipal documents and Land Title Survey review in an easy, cost effective and quick manner.
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