TeachMeFinance.com - explain Lowest Floor
Lowest Floor The term 'Lowest Floor' as it applies to the area of flooding can be defined as 'The lowest floor of the lowest enclosed area (including a basement). An unfinished or flood-resistant enclosure, usable solely for parking of vehicles, building access, or storage in an area other than a basement area, is not considered a building's lowest floor provided that such enclosure is not built so as to render the structure in violation of requirements'.
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