subdivision

subdivision

The division of a tract or parcel of land into two or more lots, sites or other divisions for the purpose, whether immediate or future, of sale or building development, and includes resubdivision and, when appropriate to the context, relates to the process of subdividing or to the land or areas subdivided.

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Part of Speech: noun
Synonym(s):
Blossary: Real-Property
Industry/Domain: Construction; Real estate
Category: Building/real property; Contracts
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