Construction Terminology

Construction Terms

Variance
An indulgence granted by a local zoning commission or authority to allow a non-conforming use of a property to continue.
The zoning bylaw or ordinance is actually amended as it pertains to the particular property.

Vendors lein
Financing of a purchase of property whereby the vendor accepts only a portion of the purchase price up front and accepts
a mortgage (with periodic payments and interest chargeable) for the remainder
Category Construction Glossary
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