Definition of "Lot split"

Brad & Jennifer  Corekin real estate agent

Written by

Brad & Jennifer Corekinelite badge icon

Keller Williams The Woodlands & Magnolia

Dividing a lot into two or more parcels. Normally a variance would have to be obtained to permit a lot split. The lot cannot be split unless they meet minimum area zoning requirements unless a special variance is obtained.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Private company established in 1957 and headquartered in Milwaukee, WI, providing private mortgage insurance (PMI) to mortgage lenders granting mortgages to mortgagors not having at least a ...

Established federal, state or local structural building requirements that have to be adhered to so as to receive certification by the government authority. Housing code enforcement is ...

Buyer who is acting in good faith, is not aware of any outstanding claims or rights of others to the property, and has given valuable consideration as part of the business transaction. ...

Tank placed beneath the ground to accumulate sewage. ...

Evaluating a locality to determine its value and appropriateness for designated objectives. ...

Style of home emphasizing symmetry and balance. ...

Payment made by the tenant to the landlord for the right to use property, such as an apartment or office. ...

Scarcity is a fundamental term in economics, mirroring the limited resources and needs gap. The shortage demands consumers to make logical decisions on spending their money efficiently. ...

See before-tax cash flow; cash flow. ...

Popular Real Estate Questions