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 ?
27) While the behavior of ordinary subdividers tended
It is now common practice for subdividers to provide
The formation of these enclaves was fully intended by subdividers who scaled the size of subdivision lots toward a particular class of purchaser.
Commodity brokers, life insurance underwriters, and subdividers and developers do not enter the efficient portfolio (no greater than 0.
Subdividers and developers, including firms engaged in subdividing real property into lots and in developing them for resale on their own account
Subdividers do not buy easements or development rights--government agencies and preservationists are the only ones who do.
Profit-oriented investors, especially subdividers and developers, generally pay much less per acre for large properties than for small ones.
10 per $1,000 category, transportation firms such as taxis, bus charters and air transport firms would be included as well as direct-mail advertising, real estate subdividers and repair shops.
11] "Business receipts" include the gross proceeds (netting during statistical processing against the cost of these sales) reported by stock and commodity brokers and exchanges, and by real estate subdividers, developers, and operative builders, even when they bought and sold securities, commodities, and real estate on their own account.
8] Starting with 1985, inventories include amounts reported by real estate subdividers and developers previously included in "other investments.
13] After 1986, "business receipts" include the full amount reported by stock and commodity brokers and exchanges, and by real estate subdividers, developers, and operative builders, even when they bought and sold securities, commodities, and real estate on their own account.