Grandfather Clause

An exemption to a new ordinance or law for a specific property or person. For example, new laws may require specific zoning and building code restrictions for a neighborhood. Existing properties in that neighborhood will not have to make the changes required to meet new codes; however, those same properties may face additional restrictions if they try to make any later improvements. For more information, see the "Zoning and Building Codes" article in the "Real Estate In-Depth" section.

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