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I. Defining Parcel Splits. A parcel split, also referred to as a land division or property split, is the legal process of dividing a single property into two or more separate parcels. Property owners pursue parcel splits for various reasons, including: Development: Subdividing a larger property into smaller lots to build multiple residences or ...
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. This process, however, is intricate and demands a comprehensive understanding of local zoning laws ...
Property owners should consult with experienced real estate attorneys and licensed land surveyors to ensure a smooth and compliant process. By understanding the procedures and considerations associated with parcel splits and lot line adjustments, property owners can make informed decisions to effectively manage their real estate assets.
Mar 7, 2024 · In this article, we dive into the nuances of subdividing land, highlighting the critical factors that influence the overall cost and providing insights into effectively managing these expenses. Overview of Subdividing Land. Subdividing land involves dividing a larger piece of property into smaller parcels, each with its own legal description.
Jan 15, 2024 · In Ontario, property boundaries are recorded in the Land Titles system, a modern system of land registration, that ensures rightful ownership and precise description of land. To obtain a visual rendering of a property's boundaries, you will need a land survey. In Ontario, these can only be produced by licensed land surveyors.
Parcel splits, also known as land divisions or property splits, involve dividing a single property into two or more separate parcels. Property owners often pursue parcel splits for various reasons: Development: Subdividing a larger property into smaller lots to accommodate multiple residences, commercial structures, or other development projects.
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Adjoining landowners are those persons, such as next-door neighbors, who own land that share common boundaries and thus have mutual rights, duties, and liabilities. The reciprocal rights and obligations of adjoining landowners existed at common law but have been invariably altered or expanded by various state laws and court decisions.
