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Define Subdivision or subdivide. means the division of any lot, tract or parcel or land by plat, map or description into two or more parts, lots or sites for the purpose, whether immediate or future, of sale, rental or lease, or division of ownership.
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A post judgment lien against real property that the debtor currently owns, or may try to purchase in the future. This is recorded in the county recorder’s office in every county where the debtor may now own or later acquire property. Related Blog- Abstract of Judgment
The legal process by which someone gains legal title to real property by the actual, open, hostile, and continuous possession of it and payment of taxes on it for 5 years. Visit Our Practice Area Page- Adverse Possession Attorney
An estimate of the fair market value of a property, typically conducted by a professional appraiser. There are different types of appraisals depending on what is being appraised and methodology. Related Blog- What Does It Mean to Remove an Appraisal Contingency?
A method of alternative dispute resolution in which the parties’ disputes are resolved through a private arbitration hearing in front of typically a retired judge. Similar to a court trial, witnesses and evidence are presented to a neutral arbitrator who acts in a similar capacity as a judge would in the trial. Related Blog- Why Arbitration Can Be ...
The process of determining the value of a property for tax purposes. The assessment can also be used to determine a property’s assessor’s parcel number. Related Blog- How To Add/Remove Conservation Easement From Your Property
The right to enjoy the benefits of ownership of property even if the legal title is in another name. This term is often used in the context of trusts, where the trustee holds the title, but the beneficiaries enjoy the use and benefits of the property. This is the true ownership interest either now or in the future. Related Blog- Proposition 13’s “C...
A person who inherits or benefits from a trust. It is someone for whose benefit a trust is created. A person or entity can be a beneficiary of a revocable trust, irrevocable trust, or even a deed of trust.
A person or entity that holds a legal interest in a property, such as a mortgage or lien, that was obtained in good faith and for valuable consideration. The term "bona fide" means genuine, sincere, or made in good faith, and an encumbrancer is someone who has a claim or lien against a property. This would be a lender who placed a lien on title wit...
A party who purchases real property without any knowledge of outside claims to the title, or encumbrances impacting the land. The buyer takes the property “free and clear” of any claims to title provided the buyer did not know about these claims and the buyer was not on notice of these claims via publicly recorded documents which provide the buyer ...
Disputes between neighboring owners of real estate concerning the property boundary lines and whether either owner has the right to extend beyond their legal property lines. Visit Our Practice Area Page- Boundary Disputes Attorney
A subdivision in real estate is when a larger piece of land is divided into smaller lots. This is often done to create new homes or businesses. Each smaller lot can be sold or developed separately.
Subdivided land means improved or unimproved land divided or proposed to be divided for the purpose of sale or lease into five or more lots or parcels, or additions or parts of lots or parcels; however, subdivided land does not include a subdivision subject to section
The term "subdivide" refers to the act of dividing something larger into smaller, more manageable parts. In legal terms, this often relates to land or property. For instance, if a person owns a large piece of land, they might choose to subdivide it into smaller lots.
Define Subdivide or Subdivision. means the division of land into two or more parcels, whether by plan, apt descriptive words or otherwise.
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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.
