Zoning laws are local government regulations that dictate how land and buildings in specific areas can be used, including designations for residential, commercial, agricultural, and mixed-use purposes.
Zoning matters more than most buyers realize, especially in co-ownership and vacation property markets. Local zoning can determine whether short-term rentals are allowed, how many unrelated parties can occupy a home, and what modifications can be made to a property. Some municipalities have enacted strict rules specifically targeting fractional ownership and vacation rentals, making it critical to understand the zoning landscape before purchasing.
GoForth, a luxury co-ownership company, performs thorough zoning due diligence on every property before acquisition. This ensures that the co-ownership structure, usage schedule, and any rental activity comply with local regulations. GoForth's four ownership families can enjoy their 12 weeks per year knowing the property's use is fully compliant with all applicable zoning laws and local ordinances.