If you are investing in another real estate property then there’s a big chance that you will encounter planning and building permits. These are regulatory requirements that should be in place when a specific type of project or construction needs to be completed. In the context of local laws and building codes, these are two separate permits which are controlled by a different set of laws. This means that your project may require a planning permit, a building permit, or both before the project can be realized. If in case your project requires a planning permit, you need to apply for this first before a building permit can be given.