Lot
A single piece of land within a subdivision, ready to build on or already built on. Each lot has its own boundaries and address.
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Where this comes up: getting ready
Part 1 of 4
Why a seller cares
The lot is the land under and around the house, and its size, shape and lines are part of what is priced. Buyers ask about the lot size on the listing, and the county's figure is the one to use.
Part 2 of 4
A simple example
The county lists your lot at 0.34 acres. The listing says so, and the buyer's survey later confirms it within a few feet.
| What buyers ask about the lot | Where the answer is |
|---|---|
| The size | The county record, and the survey if there is one |
| The lines | A survey; a fence is not a line |
| What can be built | Zoning and any covenants |
The lot is a fact on the county's record, and the listing repeats it.
Part 3 of 4
What people get wrong
That the fence is the property line. It is a guess somebody made with a post-hole digger.
Part 4 of 4 · where to read next
Where it appears in the sale
What a definition is, and what it isn't
Keighbor is a software company, not a law firm, brokerage, or tax adviser. This is general information, not legal, tax, financial, or real estate advice about your sale. Your situation may differ. Before acting on a contract, disclosure, title, tax, or pricing question, ask an appropriately licensed professional in your state.
Written and researched by Keighbor Research · drawn from the reference glossary · how we research and check what we publish
In your Room, this word explains itself where it appears.
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