May also be called a planning board, zoning commission, or zoning board, depending on locality. PLAT a plan or map of a specific land area. PLAT BOOK a public record containing maps of land, showing the division of the land into streets, blocks, and lots and indicating the measurements of the individual parcels. PLOT PLAN a diagram showing the proposed or existing use of a specific parcel of land. Issued by the state licensing agency, it identifies its holder as a licensee and must be carried at all times.
Points have the effect of reducing the amount of money advanced by the lender.
Same as discount points. Under the Tax Reform Act of 1986 this type of income cannot be used to offset passive activity losses. Does not include miscellaneous income. Contrast with cash flow, net operating income. The property is to be sold at auction but court authority is unnecessary.