Subdivision

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Subdivision

A tract of land divided into residential lots.

subdivision

A tract of land divided into residential lots.
References in periodicals archive ?
The S corp then develops and subdivides the land, obtains government entitlements, and constructs improvements and condominiums.
The corporation then could subdivide and sell the lots on an installment basis and use the sales proceeds to pay its installment obligation to the taxpayer.
The taxpayer formed a corporation wholly owned by the partners of the partnership, selling the land to the corporation at its fair market value (FMV), and letting the corporation subdivide the land.
Taylor, who had worked 20 years for the county Department of Regional Planning before he came under suspicion in August 2000, is charged with illegally issuing certificates by which landowners avoided public hearings, thousands of dollars worth of fees and other requirements to subdivide property.
Typically, these developers buy 1-acre parcels, land zoned for residential agricultural use, then subdivide it for up to six single-family homes.
The property offers current income and the ability to further subdivide and upgrade the property for multiple flex-space tenants.
Warehouse Support Center, LLC is an investor that plans to subdivide the building for lease as warehouse space.