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Sell off a portion of it
- Why Subdivide? The main reason people subdivide their land is to sell off a portion of it. You may, for example, want to sell a part of your land to a family member so they can live close by. Or you may want to create lots to build a new housing or commercial development. Whatever the reason, subdivisions create new tracts of land.
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Property owners pursue parcel splits for various reasons, including: Development: Subdividing a larger property into smaller lots to build multiple residences or commercial structures. Inheritance Planning: Passing down portions of a property to heirs while maintaining ownership of the remaining land.
Property owners often pursue parcel splits for various reasons, including: Development: Subdividing a larger parcel into smaller lots to accommodate multiple residences or commercial structures. Inheritance: Passing down portions of a property to heirs while maintaining ownership of the remaining land.
Jan 19, 2020 · A subdivision is taking one tract or piece of land and dividing it into two or more tracts of land. A subdivision could involve tracts of land that range in size from hundreds of square feet to hundreds of acres. A subdivision can also only involve one new tract—or it could mean hundreds of new tracts. Legally, however, the definition of a ...
Property owners typically pursue parcel splits for various reasons, including: Development: Subdividing a larger property into smaller lots to accommodate multiple residences, commercial structures, or other development projects. Inheritance Planning: Passing down portions of a property to heirs while retaining ownership of the remaining land.
Nov 30, 2023 · Splitting a property into two parcels is a strategic decision that property owners may consider for various reasons, including the potential for increased property value, better land utilization, or the intention to sell a portion of the land.
3 days ago · You have to go through the formal process to actually do it.”. 1. Research Local Zoning Laws and Subdivision Regulations. The first step is to do your due diligence by researching the zoning and subdivision laws that apply to your property. These are the restrictions that you must follow when subdividing your property.
Sep 25, 2023 · In this comprehensive guide, we'll delve into the intricacies of easements and deeds, shedding light on their significance, types, and legal implications. Whether you're a homeowner, investor, or simply intrigued by property law, this guide will provide you with the tools to understand and navigate the complex landscape of property boundaries.
