Assemblage is the process of combining two or more adjoining parcels of land to create a larger, more valuable piece of property. The new, larger tract may have a higher collective value due to its potential for enhanced usability or development.
Plottage value refers to the increased value that results when multiple smaller adjacent plots of land are combined into a single larger plot. This increase in value is due to the greater potential utility and development options that the larger plot offers compared to the individual smaller plots.
