1. The process of buying undeveloped land, dividing it into smaller, usable lots, and selling the lots to potential users or investors. 2. Land that has been divided by the owner (subdivider) into individual parcels or lots which have been grouped into blocks. These lots, together with streets, alleys, parks, schools, planned commercial areas, and public utility easements, are recorded on a plat. Subdivision is subject to local and state regulations, and in most areas a lengthy application process and filing fee is required.
Added: Tue Jan 08 2008
Last Modified: Sun Jan 20 2008