Final answer:
Property Standards By-laws such as CIMVR involve regulations on accessory buildings, building setbacks, size and height of buildings, and the number of rooms. Zoning divides cities into districts with uniformity in use and may impose additional detailed restrictions, including lot size and historical preservation.
Step-by-step explanation:
The types of properties involved in Property Standards By-laws, such as those encapsulated in CIMVR (Code for Identifying Minimum Viable Regulations), are subject to a variety of regulations. These regulations can include, but are not limited to, restrictions on accessory buildings, requirements for building setbacks from the streets and other boundaries, controls on the size and height of buildings, specifications on the number of rooms, ordinance on minimum lot areas, and the precise positioning of front, rear, and side yards. Additionally, off-street parking availability, restrictions on the number of buildings on a lot, and the number of dwelling units permitted in a specific area are also commonly regulated.
Zoning is a primary mechanism for municipal land-use regulation. Zoning divides municipalities into residential, commercial, and industrial districts, with detailed restrictions within each for uniformity. For example, certain areas may be zoned exclusively for single-family homes, multi-family dwellings, or townhouses. Zoning can also preserve features in areas of historic or cultural significance.
Ownership of property and businesses brings both benefits and responsibilities. The potential costs include abiding by governmental restrictions like zoning, while the benefits involve the right to use and dispose of property. Financial institutions play an important role by facilitating business transactions and operating under these same property regulations.