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In real estate, a land lot or plot of land is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries.
A land parcel or cadastral parcel is defined as "a continuous area, or more appropriately volume, that is identified by a unique set of homogeneous property rights". [3] Cadastral surveys document the boundaries of land ownership, by the production of documents, diagrams, sketches, plans (plats in the US), charts, and maps. They were originally ...
A property legally described by a metes and bounds description may still be assigned a Tax Identification Number based on a separate Lot and Block system. In this case, a survey of all parcels in the county or municipality would be combined to create a separate Block and Lot system to identify the properties for taxation purposes.
An assessor's parcel number, or APN, is a number assigned to parcels of real property by the tax assessor of a particular jurisdiction for purposes of identification and record-keeping. The assigned number is unique within the particular jurisdiction, and may conform to certain formatting standards that convey basic identifying information such ...
Land use, land valuation, and the determination of the incomes of landowners are among the oldest questions in economic theory. Land is an essential input (a factor of production) for agriculture, and agriculture is by far the most important economic activity in pre-industrial societies. With the advent of industrialization, important new uses ...
A plat of consolidation or plan of consolidation originates when a landowner takes over several adjacent parcels of land and consolidates them into a single parcel. In order to do this, the landowner will usually need to make a survey of the parcels and submit the survey to the governing body that would have to approve the consolidation. [5]
The SCPEA included the following definition: "Subdivision" means the division of a lot, tract, or parcel of land into two or more lots, plats, sites, or other divisions of land for the purpose, whether immediate or future, of sale or of building development.
This 1988 BLM map depicts the principal meridians and baselines used for surveying states (colored) in the Public Land Survey System. The Public Land Survey System (PLSS) is the surveying method developed and used in the United States to plat, or divide, real property for sale and settling.