Return to the Property Gems home page You are here: Home / Property Glossary / historic district
A classification (whether under zoning, heritage or other authority) of a specific area of a community in which the buildings and improvements have a historical value or significance which may not be reflected in their market value. Designation as such a district may also involve strict rules regarding the way the buildings and properties are dealt with.
See also:
hereditament
independent contractor
|
|