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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.
Parcel splits and lot line adjustments are critical processes in real estate law that enable property owners and developers to maximize the use of their land, create new lots, and resolve boundary issues.
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.
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.
Jan 15, 2024 · If you own property in Ontario, understanding your boundaries and property rights is a legal necessity. In this article, I'll highlight common issues, the legal framework, and guide you on how to prevent and resolve disputes.
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Jul 28, 2022 · According to the Professional Land Surveyors of Canada, whether you’re selling or buying a house, you should know precisely where all the major features — such as buildings, driveways, pools, fences, sheds, and walkways — are located in relation to the property’s boundaries.
