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 ?
1237 to sell up to five subdivided lots to five individuals and still receive long-term capital gain treatment on the sale of these lots.
The second part deals with flood basalt magmatism and is subdivided into two segments: continental and oceanic environments.
A landowner's recently subdivided but unimproved property should be assessed for real estate tax purposes at the value prior to the subdivision, according to an Illinois appellate court.
The study included 56 exposed subjects from the Tokyo fire and police departments, who were subdivided into high- and low-exposure groups, and 52 nonexposed subjects of similar backgrounds from the same departments.
Each section of this four-section book, grouped as chapters and beautifully titled and subdivided into provocative sections, contains eloquent quotations from Lorraine Hansberry to T.
These areas are then subdivided into over 100 sub-groups.
The hypothesis that electrons can be subdivided into smaller particles termed "electrinos" ("Electron breakup?
Storage virtualization allows disks to be aggregated, subdivided, and parceled Out to SAN nodes.
The triple wave is subdivided into three channels with barrier flights separating them.
The inkblot pieces in the show subdivided themselves into two bodies of work, displayed in different rooms.
Subdivided lease space is in units of less than 5,000 sq.
The therapy section is subdivided into individual therapy and group therapy.