
The Size and Description of the Parcel of Real Estate, Including Form


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People also ask
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What does a parcel mean in real estate?
A parcel is an officially described piece of land. A parcel is also sometimes referred to as a land lot. A parcel or land lot is legally considered an immovable piece of property. It is possible for a piece of land to be separated into different parcels and each parcel could have a different owner.
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Is a parcel bigger than a lot?
Lots are subdivisions of land designated for construction or development. They're smaller than acres – typically, four lots constitute one acre. Parcels are land with legally established property lines for tax purposes and are composed of numerous lots.
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What is an example of a parcel of land?
This means that it is a specific area of land that is owned by someone and can be used for different purposes. For example, if someone owns a large piece of land, they may divide it into smaller parcels and sell them separately. Each of these smaller pieces of land would be considered a parcel.
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What does parcel mean in real estate?
A parcel is an officially described piece of land. A parcel is also sometimes referred to as a land lot. A parcel or land lot is legally considered an immovable piece of property. It is possible for a piece of land to be separated into different parcels and each parcel could have a different owner.
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What is a lot and block description of a parcel of land?
The lot and block legal description includes a lot and a block number, the name of the subdivision, the plat map information, and the place of official recording, which is usually the county and state.
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Is a parcel the same as an acre?
An acre, sometimes referred to as a parcel, is defined as “a common measure of area.” In the U.S., 1 acre equals 4,840 square yards or 0.405 hectares.
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How do you describe a parcel of land?
A legal description is written by describing the exact tract within the section and ends with the name of the principal meridian. An example legal description of a 40-acre parcel of land is: NE¼SE¼, section 6, township 3 north, range 6 west, 6th Principal Meridian.
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What does parcel size mean in real estate?
Parcel Size means the total horizontal Area within the Lot Line boundaries of a Parcel. Sample 1Sample 2Sample 3.
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