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Zoning

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Definition of 'Zoning'

 

Municipal or local government laws which dictate how real property can and cannot be used in certain areas. For example, an area zoned or specified as a commercial area cannot be used as residential and vice versa. These laws limit commercial use of land because they want to prevent oil, manufacturing or other type of businesses from building in a neighborhood with families. However, these laws can be modified or suspended if construction of the property will serve to help the community advance economically.
Investopedia Says

Investopedia explains 'Zoning'

 

Parks, business, and homes are all restricted under zoning laws. Zoning areas include industrial, light industrial, commercial, light-commercial, agricultural, single-family residential, multi-unit residential, and schools. In 1926, the Supreme Court decided that properly drawn zoning ordinances were a valid exercise of the states' governing power so this was the year zoning became constitutional by the U.S. supreme court as a result of the case, Village of Euclid v. Ambler Realty Co., 272 U.S. 365, 395 (1926).

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