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Sell off a portion of it
- 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. That is why people subdivide.
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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 ...
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.
Jul 1, 2019 · Reasons to subdivide your property could include: financially benefiting, splitting assets between your children or simplifying life by downsizing.
A parcel split, also known as a land division or property split, is the process of dividing a single property into two or more separate parcels. 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.
2 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.
Actions taken by a landowner that appropriate adjoining land or substantially deprive an adjoining owner of the reasonable enjoyment of his or her property is an unlawful use of one’s property. Adjoining landowners carry certain mutual rights, duties and liabilities.
