Parcel Of Land Real Estate Definition
Parcel Of Land Real Estate Definition. A potl is a freehold parcel of land or a standard condominium unit which is tied to a share in a cec. A unit of salable merchandise.
A person giving or bequeathing land, or real property, in a will. It describes the size and shape of the piece of land. In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner (s).
Updated On December 3, 2019.
The definition of real estate includes everything in the definition of land, plus all things permanently attached to it naturally or artificially. Landlocked parcels are typically the result of subdivisions or the division of a larger parcel of land into smaller parcels, which are sold off individually. A parcel of tied land, or potl, is a term used to describe a property which carries with it interest in a common elements condominium.
Also Called Realty And Real Property.
Within the context of real estate, a parcel is a specific piece of land or real property that has defined boundaries and surface area. Real ( riəl) adjective 1. In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner (s).
A Plat Is A Map Of A Land Area, Usually On The Scale Of A Neighborhood Or County Township, And A Plot Is A Piece Of Land Used For A Single Purpose (Such As A Park Or A Home).
Dock to curtail or diminish; Parcel of land means any quantity of land capable of being described with such definiteness that its locations and boundaries may be established, which is designated by its owner or developer. The owner of real property has all of the rights of ownership, including the right to.
Often It Is Represented Graphically In A Cadastral Map.
Specific portion of a larger land tract. Real estate is the modern term for land and anything that is. It describes the size and shape of the piece of land.
Real Estate Examples Or Real Property Would Refer To Land, Attachments, And Any Rights Or Interests That A Property Owner May Have In The Property.
Parcel and lot are often treated as. For example, artificial attachments would. A person giving or bequeathing land, or real property, in a will.
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