subdivide


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subdivide

To separate property into smaller parcels for sale or borrowing purposes. People normally think of a subdivision as related to development of a residential area,but the definition is not that restrictive.

Example: A seller wishing to sell only a portion of a parcel of real property may have to apply for subdivision approval before the sale, including assignment of a new tax parcel identification number. Borrowers sometimes subdivide property so that a mortgage will be on only a specific improvement, such as a house, and the land reasonably necessary to support that improvement, rather than have a mortgage encumber more land than is necessary.

References in periodicals archive ?
A Canoga Park property once used for work on the Space Shuttle was a step closer Wednesday to becoming a shopping center, after the Los Angeles City Council voted to subdivide the site.
The blocks of space will subdivide nicely and offer great proximity to the property amenities.
He bought 664 acres of Valley land, but to farm, not to subdivide.
Much of our value is behind the scenes, providing the technology to manage the subscription process, subdivide content to best meet subscriber needs and interests, and plan for future site enhancements.
The introduction subdivides into (A) "Style" and (B) "Life in Politics.
No doubt in recognition of humans' risible inability even to set a comparatively primitive VCR correctly, the onscreen user interface subdivides programming into nine categories.
Hamilton subdivides historicism into two camps: (1) hermeneutical historicism, which insists on the primacy of historical contexts to the interpretation of all texts.