Lenders request Zoning Reports and Letters from PZR- America's Leading Zoning Analyst
Commercial real estate transactions can be complex and expensive which leads Lenders to evaluate risk associated with financing the project before closing. One key instrument in the due diligence tool box is zoning research and compliance.
Zoning compliance is important to Lenders who need to know all aspects and history of the property and land use. Lenders require that the property be in compliance with applicable zoning ordinances with respect to usage, parking, setbacks, height, density, coverage requirements and more. Also current zoning should not jeopardize any future construction, remodeling or use plans.
No commercial building or structure can legally be modified or constructed until an Application for a Certificate of Zoning Compliance has been approved. The Zoning Compliance certificate ensures that your plan and or proposed structure is correctly zoned for the proposed business use and meets all provisions of the zoning rules and ordinances within the site area.
A Zoning Letter informs the lender and all entities in the real estate transaction chain of what property use is present for a particular property based on the current zoning and the property's past history. A Zoning Letter may also provide information on legal land uses, zoning, FIRM information, zoning district performance standards, development history, and compliance. A Zoning Letter generally has a set validity from the date of issuance.
We have created the PZR Report®
(an independent zoning report), which sets the standard for answering your conformance questions for zoning due diligence, title endorsements and insurance needs. Zoning reports will provide reliable site zoning analysis and compliance review and is supported by local municipal documentation that provides a reliable, independently confirmed statement that speaks to the compliance status of the property. Lending firms utilize the Planning and Zoning Resource Corporation (PZR®
) for their zoning due diligence needs. In some cases lenders require an array of other zoning documents which we also provide:
- 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 Report
- Zoning Letter
- Title Insurer Packet
- Surveyor's Packet
- ALTA Survey (through our sister company, Smith-Roberts)