In dealing with a real estate transaction, zoning due diligence is required to ensure the subject property is compliant with zoning standards established by the City of Chicago.
Chicago, IL (PRWEB) September 25, 2013
Zoning ordinances govern the sizes and specifications of properties throughout the Chicago Metro. In dealing with a real estate transaction, zoning due diligence is required to ensure the subject property is compliant with zoning standards established by the City of Chicago.
Investigation of zoning due diligence will identify if the property can be used for new business, the number of parking spaces in existence is more or less than approved by zoning variances, part of the building structure is not in compliance, property is involved in a legal dispute unknown to others, zoning codes have recently changed and require remodeling/additions and more. Interviews with local municipal officials may be required to complete proper due diligence is compliant with acceptable zoning ordinances with respect to usage, parking, setbacks, height, density, coverage requirements, etc.
The Planning and Zoning Resource Corporation (PZR) offers zoning due diligence reports, known as the PZR Report for lenders, banks, financiers, insurers, and buyers in Chicago. This ensures their real estate investment is well protected. Zoning laws, which are constantly changing, dictate how a commercial site or property can be constructed, remodeled, or used for business.
The Planning and Zoning Resource Company is the nation’s largest provider of zoning due diligence and analysis while being the sole provider and creator of the PZR Report. PZR provides its clients with zoning report formats that are supported by municipal documentations and produces reliable, independently confirmed statements that speak to the compliance of property’s existing use, setbacks, height, density and parking. Their research includes specific zoning designation of the site as established by the current municipal code, uses allowed under the zoning designation established by the zoning ordinance, minimum setback requirements, building height and story requirements for compliance, minimum parking requirements and special circumstances that are in need on consideration. Additionally, PZR specializes in document acquisition for zoning and building code documents in all 50 states.