Land Parcels

Flag Lot
A flag lot is a method of subdividing land into individual parcels in such a way that compliance with local subdivision regulations can be avoided. Owners define each lot with a minimal amount of road frontage to gain exemptions and avoid regulatory compliance and expenses.
Lot
A lot is an individual parcel of land within a subdivision's plat. This land unit must have the appropriate zoning designation to be considered buildable and suitable for construction.
Tax Map
A tax map is a detailed and comprehensive document that shows the location, boundaries, dimensions, and various relevant information about parcels of land subject to property taxes. These maps are typically bound into books and maintained as public records at local tax offices.

Real Estate Lexicon

With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!

Real Estate Real Estate Investment Real Estate Law Property Management Real Estate Transactions Real Estate Financing Real Estate Development Mortgage Property Valuation Commercial Real Estate Real Estate Appraisal Real Estate Valuation Property Rights Land Use Property Ownership Urban Planning Property Value Real Estate Finance Foreclosure Market Value Real Estate Contracts Depreciation Property Law Interest Rates Construction Estate Planning Lease Agreement Appraisal Investment Financing Mortgage Loans Financial Planning Real Estate Terms Legal Terms Zoning Real Estate Market Rental Income Market Analysis Lease Agreements Housing Market Property Sale Interest Rate Taxation Title Insurance Property Taxes Amortization Eminent Domain Investment Analysis Property Investment Property Tax Property Transfer Risk Management Tenant Rights Mortgages Residential Property Architecture Investments Contract Law Land Development Loans Property Development Default Condemnation Finance Income Tax Property Purchase Homeownership Leasing Operating Expenses Inheritance Legal Documents Real Estate Metrics Residential Real Estate Home Loans Real Estate Ownership Adjustable-Rate Mortgage Affordable Housing Cash Flow Closing Costs Collateral Net Operating Income Real Estate Loans Real Property Asset Management Infrastructure Mortgage Loan Property Appraisal Real Estate Investing Urban Development Building Codes Insurance Loan Repayment Mortgage Payments Real Estate Broker Shopping Centers Tax Deductions Creditworthiness Mortgage Insurance Property Assessment Real Estate Transaction