Building Regulations

Building Permit
A building permit is permission granted by a local government to build a specific structure at a particular site. The number of residential building permits often forecasts the number of housing starts.
Floor-Area Ratio (FAR)
An arithmetic relationship of the total square feet of a building to the square footage of the land area, relevant in urban planning and zoning.
Minimum Lot Area
Minimum lot area refers to the smallest building lot area allowed in a subdivision, generally specified by a zoning ordinance.
Setback
Setback refers to both a specified distance from a curb or property line which restricts the erection of buildings, and to problems in business or manufacturing that lead to lower profits or delays in achieving targets.

Accounting Terms Lexicon

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