PZR (The Planning and Zoning Resource Corporation) is America's leading Zoning Consultant. Zoning Reports, Commercial Zoning Reports, Zoning Letters, ALTA/ACSM Surveys, Zoning Compliance and many other products are offered by our professional team. If you need to analyze the risk associated with a commercial property purchase, this company is very helpful. The Planning and Resource Corporation (PZR Report) has access to over 100,000 zoning reports in the US and Canada and carry one million dollars aggregate coverage for any report/occurance within a coverage year. Don't rely on the zoning companies who employee one or two persons from their home. Avoid costly mistakes and surprises- contact the professionals at PZR (Planning and Zoning Resource Corporation) for a free project quote.
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6 Reasons Due Diligence is Necessary
1. 6 Reasons Zoning Due Diligence is Necessary
Reason 1
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A current or prior change in the zoning designation of property raises
complex issues. A zoning change could result in a loss of property value
and lending value. Prospective buyers, lenders, bankers, real estate
attorneys and title insurance companies must complete Zoning Due
Diligence to analyze the risk associated with the commercial property in
order to avoid costly problems in the future.
Reason 2
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A zoning compliance permit will find out if the property is properly zoned
for the nature of business that is planned. Zoning laws regulate nature of
business, parking, waste disposal, signs, etc.. A zoning report lets property
owners know what and how they can build on their property. The
Planning and Zoning Resource Corporation will issue zoning
endorsements related to property conformance of Property Use, Property
Setbacks, Height, Density, Open Space and/or Lot Coverage, Landscape
Buffers and Parking.
Reason 3
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A Certificate of Zoning Compliance and a Building Permit must be
obtained before beginning any construction, alteration or enhancement of
the planned business site. Pre-existing property uses and structures may
require legislative remedy. A building in existence at the time a new
zoning law is adopted is said to be “grand-fathered” or “legally
nonconforming” and cannot be declared “nonconforming” or in violation.
If the legally nonconforming structure is destroyed beyond the threshold
set forth in the Code, the owner may be allowed to rebuild only in
accordance with present zoning laws.
Reason 4
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Certain states require buyers to conduct a thorough due diligence. For
example, New Jersey legally requires the buyer to conduct a thorough
zoning due diligence investigation before purchasing or building a
commercial property.
2. Reason 5
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Lenders want to be sure that their loans are protected. Title insurers are in
need of this information which enables them to write their Zoning
Endorsements (where available). Zoning compliance has become an
important factor on the closing checklist. Law and Ordinance Coverage
consists of three separate coverage areas. Building Ordinance Coverage
will cover the value of the undamaged portion of the building that must be
demolished should the casualty exceed the percentage threshold set by the
Rebuild Clause of the Code. Demolition Cost covers the cost to actually
demolish the undamaged portion of the structure once it is declared a total
loss. Finally, Increased Cost of Coverage provides the additional cost
sustained in building to new code requirements such as windstorms,
earthquakes, fire.
Reason 6
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Local jurisdictions often change their zoning rules and ordinances. This
might trigger a property to become noncompliant to current code and
subject to future changes. Before purchasing any commercial property,
consult the professionals at the Planning and Zoning Resource
Corporation in order to conduct Zoning Due Diligence and prepare the
commercial zoning endorsement, property conformance, zoning letter,
zoning report, law and ordinance coverage, discover nonconforming
property and analyze the risk associate with purchasing the commercial
property.
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.
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.), real estate 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:
3. 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. Documents PZR
provides:
• Zoning Verification Letters
• Zoning Reports (PZR Report)
• Building and Zoning Code Violation Letters
• Certificates of Occupancy
• Building Permits
• Variances (Special Use Permits or Conditional Use
Permits)
• Planned Unit Developments
• Site Plans
• Zoning Codes
• Zoning Endorsements
b) An independent commercial zoning report, known as the PZR
Report®:
• Sets the standard for answering your conformance
questions for zoning due diligence, title
endorsements, lending requirements and insurance
needs.
• Provides reliable site zoning analysis and
compliance review.
c) The PZR Report® is supported by local municipal documentation
that provides the property owner, title insurer, finance company
and real estate attorneys with an accurate and legal endorsement
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.
About:
The Planning and Zoning Resource Corporation
www.pzr.com
PZR is the 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.