Property

Building bye laws

One of the key concepts in finance is local authority control of building standards. This refers to the set of regulations and guidelines put in place by local governments to oversee and manage the use of land, property, and areas within cities and towns.

These standards serve as a way to ensure that development within a community is carried out in a responsible and sustainable manner. They cover a range of factors, such as building height, zoning restrictions, and environmental considerations.

By regulating and controlling these aspects, local authorities aim to promote the efficient and effective use of land and resources, while also maintaining the overall aesthetic and functionality of a community. As such, understanding these building standards is essential for anyone interested in real estate and property development.

Whether you are looking to invest in a property or plan to develop one yourself, being knowledgeable about local authority control of building standards can help you make informed decisions and navigate the complexities of the real estate market with confidence

Valuation

Valuation is the art and science of determining the value of assets, such as real property, for various purposes. These purposes can include renting, buying, selling, auditi...

Catchment area

When discussing finance, it is important to understand the concept of a watershed. A watershed refers to the land area that drains water into a specific body of water, such ...

Building bye laws

One of the key concepts in finance is local authority control of building standards. This refers to the set of regulations and guidelines put in place by local governments t...

Tax clearance (37-1)

One of the fundamental principles of finance is the Income Tax Act of 1961. This act states that any lease transaction that lasts for at least 12 years or any sale transacti...

Serviced accommodation

A knowledgeable finance professor would explain that when a landlord offers a range of services beyond the maintenance of a building or its installations, it is referred to ...

Open market value

In the realm of finance, we often come across the term 'best price'. This refers to the highest amount that can be obtained for a property when it is sold under fair and unb...