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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.
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.
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.
When you divide a piece of land into two or more parcels and offer one or more for sale, you are subdividing property, and the provisions of the Planning Act come into play. If your proposal involves creating only a lot or two, you may seek approval for a "land severance".
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Jul 28, 2022 · Here’s what you need to understand about property lines and boundary rights. Location, location, location. While it’s smart to purchase a home in a desirable neighbourhood, it’s essential to know exactly what you’re investing in, says Kamarianakis.
