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What is a parcel of land called?

In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries.

Is a lot the same as land?

Often a "lot" is sized for a single house. The term "lot" usually doesn't imply a certain measurement of land. Rather, it typically refers to a specific piece of land of any size that can be sold in an individual contract. To be considered a single lot, the land described has to be contiguous.

What does land tract mean?

A tract of land is a very large area of land. A vast tract of land is ready for development. Synonyms: area, lot, region, estate [British] More Synonyms of tract. countable noun.

What is the difference between a lot and a parcel?

While often used interchangeably, there is a difference between these two terms. Simply stated, a parcel is an identification for taxation purposes, while a lot is a recognized subdivision of property with a written legal description that addresses permissions or constraints upon its development.

What is a tract of land called?

A plot of land assigned for sale or for a particular use. lot. plot. parcel. plat.

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