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 ?
21] found lower and upper bounds of the minimum edge-weight a for a subclass of the subdivided stars, which is stated as follows:
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.
Tables 13 and 14 present the data alphabetically by state, and each state is subdivided by agency type.
The book is subdivided into eight chapters, beginning with a useful though brief overview of the genre.
Each comprises approximately twenty-five chapters, which in turn are subdivided into three to five parts.
Shortly after purchasing the tract, the taxpayers drained the swampland and subdivided the property.
He emphatically maintains that the Church instituted by Christ is universal and should never be subdivided by territorial claims.
Once the land is subdivided the exclusion on anything other than the primary residence is not allowed.
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.
Without doubt, the 'Villa' in Vienna's Kundmanngasse built between 1926 and 1928 to the plans of Ludwig Wittgenstein for his sister, Margarethe Stonborough-Wittgenstein, is one of the most venerated 'retrieved' buildings of twentieth-century architecture, Ignored by the architectural community at the time of its completion, it remained a private affair until Thomas Stonborough-Wittgenstein, Margarethe's son, sold the house in 1971 to a developer, who subdivided the grounds and built a skyscraper in the former gardens.
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.