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- The most common definition of a subdivision in real estate terms is when a piece or parcel of land (referred to as a plot) is divided into smaller parts by its owner. A subdivision’s purpose is to improve land for future sale.
The most common definition of a subdivision in real estate terms is when a piece or parcel of land (referred to as a plot) is divided into smaller parts by its owner. A subdivision’s purpose is to improve land for future sale.
Oct 26, 2008 · Get the meaning and definition of Subdivision in The Real Estate Dictionary online. Browse and search real estate terminology.
Subdivisions refer to individual parcels that used to be part of previously undivided real estate. The term may also refer to the process of subdividing a parcel of land into smaller subunits. Why Are Subdivisions Made? A subdivision is made to maximize income and new construction opportunities.
A parcel of property that has been subdivided by the owner, who is referred to as the subdivider, into blocks, building lots, and streets in accordance with a subdivision plat that has been registered and must conform with the rules and ordinances of the local government.
Feb 21, 2024 · A subdivision is a plot of land that’s been split into multiple parcels (or plats) meant for individual ownership. Typically, a landowner or developer will subdivide a property to maximize its income potential.
May 16, 2024 · A subdivision in real estate refers to the act of dividing large areas of land into individual land for family homes and yards. Click here to learn more.
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Apr 29, 2019 · Subdivision of property refers to taking one legal unit of real estate and turning it into more than one. It's a legal process mostly regulated by local governments and affected by local rules on road access, zoning, etc. Understand the rules where you are before attempting to subdivide land.