What does the term CUP mean in commercial real estate or what does it stand for?

In General Area - Asked by Marissa M. - Oct 18, 2009
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Answer(s)

Dave V.
Owner/Investor
Clovis, CA

CUP = Conditional Use Permit. Means that the City or the permitting agency requires certain conditions be met before the property can be approved for the change of zoning or the owner be allowed to proceed with development. There is usually an ono refundable application fee.

Oct 18, 2009
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Paul S.
Broker/Agent
Glendora, CA
Premium Subscriber

Conditional Use Permit. The zoning authority will allow a use that is outside the zoning uses that the property is in. Often it stems from a change in the zoning that would make the existing use outside the new use. Check with the local authority to see what a CUP means for a particular property.

Oct 19, 2009
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Gregory NNN G.
Broker/Agent
San Francisco, CA
Premium Subscriber

For the sake of redundancy CUP = Conditional Use Permit
Gregory Garver - Commercial Real Estate Broker
Broker License# 01716531
(415)225-9894
gregory.garver@gmail.com
http://www.gregorygarver.com

Oct 23, 2009
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