Violation
A violation in real estate refers to any breach of local building codes, zoning ordinances, housing regulations, or other municipal requirements affecting a property. These can include unpermitted construction, safety hazards, zoning non-compliance, or failure to maintain property according to local standards.
Example
“The city inspector issued a violation notice because the property owner had built a shed without obtaining the required building permits.”
Memory Tip
Violation sounds like 'violent' - both involve breaking rules or causing harm to order.
Why It Matters
Violations can prevent property sales, result in fines, require costly corrections, or even lead to legal action by municipalities. Buyers should be aware of any existing violations before closing, as they may become responsible for resolving them.
Common Misconception
Many people think violations automatically make a property unsellable, but many violations can be resolved or may not significantly impact the transaction depending on their severity.
In Practice
During a home inspection, it's discovered that a previous owner finished a basement without permits, creating a building code violation. The seller must either obtain retroactive permits, bring the work up to code, or negotiate with the buyer about who will handle the violation before closing.
Etymology
From Latin 'violatus,' meaning 'to treat with violence or disrespect,' originally referring to breaking sacred laws or boundaries.
Common Misspellings
Compare today's mortgage rates
More in real estate
Other real estate terms you should know
Need financial definitions?
Clear definitions for 2,500+ finance, insurance, and investing terms.