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How is Zoning Defect defined in a legal contract?

• Zoning Defect means the inability of a property to adhere to local, state or federal laws, regulations, or rules pertaining to zoning or land-use issues. This includes the capacity for a property owner or user to utilize and develop the property. However, a property is not considered to have a Zoning Defect if the development and/or use of the property is allowed by a conditional use permit or variance, and the requirements for such a permit or variance are met. Seen in 1 SEC filing.

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Zoning Defect means a property's failure to adhere to [governing law] on zoning or land-use, inclusive of development capabilities. Exceptions apply for properties with a fulfilled conditional use permit or variance.

Relevant Contract Types

• Real Estate Purchase Agreement
• Lease Agreement
• Commercial Property Lease
• Property Development Agreement
• Land Purchase Agreement

Relevant Circumstances

• Purchase of commercial or residential real estate
• Rental of a property for business or personal use
• Redevelopment or conversion of a property
• Purchase of land for development purposes

Relevant Sectors

• Real Estate
• Construction
• Commercial Property
• Residential Property

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