In real estate, a lot is a tract or parcel of land owned or meant to be owned by some owner(s). Real estate is a legal term (in some jurisdictions notably in the USA, United Kingdom A LAND attack is a DoS (Denial of Service attack that consists of sending a special poison spoofed packet to a computer causing it to lock up Ownership is the state or fact of exclusive rights and control over Property, which may be an object, land/real estate, Intellectual property A lot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. In the Common law, real property (or realty) refers to one of the two main classes of Property, the other class being Personal property ( In the Common law, real property (or realty) refers to one of the two main classes of Property, the other class being Personal property ( Possible owner(s) of a lot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. The term person is used in Common sense to mean an individual Human being. A corporation is a separate legal entity usually used to conduct business An organization (or organisation &mdash see spelling differences) is a social arrangement which pursues collective goals which controls its own performance and For the government of parliamentary systems see Executive (government. A common form of ownership of a lot is called fee simple in some countries. Fee simple is an estate in land in Common law. It is the most common way Real estate is owned in common law countries and is ordinarily the most
Sometimes, some may refer to a lot as a rather small area of land that is empty except for pavement or similar improvement. An example would be a parking lot. Parking lot (called a car park in Australia and the UK) is a cleared area that is more or less level and is intended for Parking vehicles This article covers lots as parcels of land meant to be owned as units by an owner(s).
A lot has defined boundaries (or borders) which are documented somewhere, but the boundaries need not be shown on the land itself. Most lots are small enough to be mapped as if they are flat, in spite of the curvature of the earth. A map is a visual representation of an area—a symbolic depiction highlighting relationships between elements of that space such as objects, Regions, and Themes A characteristic of the size of a lot is its area. Area is a Quantity expressing the two- Dimensional size of a defined part of a Surface, typically a region bounded by a closed Curve. The area is typically determined as if the land is flat and level, although the terrain of the lot may not be flat, i. e, the lot may be hilly. The contour surface area of the land is changeable and may be too complicated for determining a lot's area. Surface area is the measure of how much exposed Area an object has
Something which is meant to improve the value or usefulness of a lot can be called an appurtenance to the lot. Appurtenances (from late Latin appertinentia, from appertinere, "to appertain" is a legal term for what belongs to and goes with something else Structures such as buildings, driveways, sidewalks, patios or other pavement, wells, septic systems, signs, and similar improvements which are considered permanently attached to the land in the lot are considered as real property, usually part of the lot but often parts of a building, such as condominiums, are owned separately. In Architecture, Construction, Engineering and real estate development the word building may refer to one of the following Any man-made A driveway is a type of private road for local access to one or a small group of structures and is owned and maintained by an individual or group A sidewalk (chiefly North American English) pavement ( British English and Philadelphia dialect) footpath ( Australian English Description A septic tank generally consists of tanks between the size of 1000 and 2000 gallons (4000 - 7500 litres which is connected to an inlet wastewater pipe at one end and A condominium, or condo, is a form of Housing tenure and other Real property where a specified part of a piece of real estate (usually of an apartment Such structures owned by the lot owner(s), as well as easements which help the lot owners or users, can be considered appurtenances to the lot. A lot without such structures can be called a vacant lot, an empty lot, or an unimproved or undeveloped lot.
Lots can come in various sizes and shapes. To be considered a single lot, the land described as the "lot" must be contiguous. Two separate parcels are considered two lots not one. Often a lot is sized for a single house or other building. House generally refers to a Shelter or Building that is a Dwelling or place for Habitation by Human beings. Many lots are rectangular in shape, although other shapes are possible as long as the boundaries are well-defined. Methods of determining or documenting the boundaries of lots include metes and bounds, quadrant method, and use of a plat diagram. A Land description consists of the written words which delineate a specific piece of Real property. Metes and bounds is a system or method of describing land 'real' property (in contrast to personal property or Real estate. The Public Land Survey System (PLSS is a method used in the United States to survey and identify land parcels particularly for titles and deeds of rural wild or undeveloped A plat consists of a Map, drawn to scale showing the divisions of a piece of land Use of the metes and bounds method may be compared to drawing a polygon. In Geometry a polygon (ˈpɒlɨɡɒn ˈpɒliɡɒn is traditionally a plane figure that is bounded by a closed path or circuit Metes are points which are like the vertices (corners) of a polygon. Bounds are line segments between two adjacent metes. In Geometry, a line segment is a part of a line that is bounded by two distinct end points, and contains every point on the line between its end points Bounds are usually straight lines, but can be curved as long as they are clearly defined.
Many times, developers divide a large tract of land into lots to make a subdivision out of it. Subdivision is the act of dividing land into pieces that are easier to sell or otherwise develop usually via a Plat. Certain areas of the land are dedicated (given to local government for permanent upkeep) as streets and sometimes alleys for transportation and access to lots. A street is a Public thoroughfare in the built environment It is a Public parcel of land adjoining Buildings in an urban context An alley or alleyway is a narrow pedestrian Lane found in urban areas which usually run between or behind buildings Areas between the streets are divided up into lots to be sold to future owners. The layout of the lots is mapped on a plat diagram, which is recorded with the government, typically the county recorder's office. A map is a visual representation of an area—a symbolic depiction highlighting relationships between elements of that space such as objects, Regions, and Themes A county is a Land area of Regional Government within a larger State. Recorder of deeds refers to the government office tasked with maintaining a record of Real estate ownership as well as other Deeds that provide persons other than The blocks between streets and the individual lots in each block are given an identifier, usually a number or letter. A city block, urban block or simply block is a central element of Urban planning and Urban design.
Land originally granted by the government was commonly done by documents called patents. Lots of land can be sold/bought by the owners or conveyed in other ways. Such conveyances are made by documents called deeds which should be recorded by the government, typically the county recorder's office. In law conveyancing is the transfer of title of Property from one person to another or the granting of an Encumbrance such as a Mortgage or A deed is a Legal instrument used to grant a Right. Deeds are part of the broader category of documents under seal. Deeds specify the lot by including a description such as one determined by the "metes and bounds" or quadrant methods, or referring to a lot number and block number in a recorded plat diagram. A Land description consists of the written words which delineate a specific piece of Real property. Deeds often mention that appurtenances to the lot are included in order to convey any structures and other improvements also.
When the boundaries of a lot are not indicated on the lot, a survey of the lot can be made to determine where the boundaries are according to the lot descriptions or plat diagrams. Surveying is the technique and science of accurately determining the terrestrial or three-dimensional space Position of points and the distances and angles between Formal surveys are done by qualified surveyors, who can make a diagram or map of the lot showing boundaries, dimensions, locations of any structures such as buildings, etc. Such surveys are also used to determine if there are any encroachments to the lot. Surveyors can sometimes place posts at the metes of a lot.
The part of the boundary of the lot next to a street or road is the frontage. Developers try to provide at least one side of frontage for every lot, so owners can have transportation access to their lots. As the name implies, street frontage determines which side of the lot is the front, with the opposite side being the back. Sometimes minor, usually unnamed driveways called alleys, usually publicly owned, also provide access to the back of a lot. When alleys are present, garages are often located in back of a lot with access from the alley. A residential garage is part of a home or an associated building designed or used for storing a vehicle or vehicles Also when there are alleys, garbage collection may take place from the alley. Lots at the corners of a block have two sides of frontage and are called corner lots. Corner lots may have the advantage that a garage can be built with street access from the side, but have the disadvantage that there is more parkway lawn to mow and more sidewalk to shovel snow from. A lawn is an area of recreational or amenity land planted with grass, and sometimes Clover and other plants which are maintained at a low even height
In front of many lots in urban areas, there are sidewalks, usually publicly owned. A sidewalk (chiefly North American English) pavement ( British English and Philadelphia dialect) footpath ( Australian English Beyond the sidewalk, there may sometimes be a strip of land called a parkway, and then the drivable part of the street. A tree lawn, also called a sidewalk buffer, Boulevard, Berm, Verge, nature strip, utility A street is a Public thoroughfare in the built environment It is a Public parcel of land adjoining Buildings in an urban context
Local governments often pass zoning laws which control what buildings can be built on a lot and what they can be used for. Zoning is a term used in Urban planning for a system of land-use Regulation in various parts of the world including North America the United Kingdom For example, certain areas are zoned for residential buildings such as houses. Other areas can be commercially, agriculturally, or industrially zoned. Sometimes zoning laws establish other restrictions such as a minimum lot area and/or frontage length for building a house or other building, maximum building size, or minimum setbacks from a lot boundary for building a structure. This article is about minimum distances between buildings and the lot line This is in addition to building codes which must be met. A building code, or building control, is a set of rules that specify the minimum acceptable level of safety for constructed objects such as Buildings and Nonbuilding Also minimum lot sizes and separations must be met when wells and septic systems are used. Description A septic tank generally consists of tanks between the size of 1000 and 2000 gallons (4000 - 7500 litres which is connected to an inlet wastewater pipe at one end and In urban areas, sewers and water lines often provide service to households. There may also be restrictions based on covenants established by private parties such as the developer. A covenant, in its most general sense is a solemn promise to engage in or refrain from a specified action There may be easements for utilities to run water, sewage, electric power, or telephone lines through a lot. For railroad track easement see Track transition curve. An easement is the right or freedom to do something or the right to prevent In Economics, utility is a measure of the relative satisfaction from or desirability of Consumption of various Goods and services. Electric power is defined as the rate at which Electrical energy is transferred by an Electric circuit. Basic principle A traditional landline telephone system also known as "plain old telephone service" (POTS, commonly handles both signaling and audio information
Like most other types of real estate, lots owned by private parties are subject to a periodic real estate tax payable by the owners to local governments such as a county or municipality. Property tax, or millage tax, is an Ad valorem tax that an owner pays on the value of the property being taxed A municipality is an administrative entity composed of a clearly defined territory and its population and commonly denotes a City, Town, or Village, or Real estate taxes are assessed based on the value of the real property. Sometimes there are also taxes when a lot is sold based on the sale price. Other fees by government are possible for improvements such as curbs and sidewalks or an impact fee for building a house on a vacant lot. An impact fee is a fee that is implemented by a Local government on a new or proposed development to help assist or pay for a portion of the costs that the new development