What is entitlement in real estate? Here is the deal
If you have ever looked at a vacant lot and wondered why it's sitting empty despite being in a prime location, you are likely bumping up against the complex reality of what is entitlement in real estate. Most people think buying a piece of land is the hard part, but in the world of development, the land is just the beginning. The real heavy lifting happens in the legal and bureaucratic trenches where you fight for the right to actually build something on that dirt. ...