What are the different types of subdivision?
TYPES OF SUBDIVISION
- There are many different ways you can subdivide your property. The most common forms of urban subdivision are – Freehold (Fee Simple), Cross Lease, Unit Title.
- Freehold Subdivision – this can also be called Fee Simple Subdivision.
- Cross Lease Subdivision.
- Unit Title Subdivision.
- Rural Subdivision.
What does subdivision area mean?
Subdivision is the dividing of a single parcel of land into two or more parcels, each to be given a separate title. Ask your local Subdivision Authority, an Alberta Land Surveyor or Alberta Land Titles staff for information about the particular circumstances of the parcel of land in question.
How is a standard subdivision defined?
A standard subdivision is one that results in entirely divided interests; i.e., the owner of the subdivided interest owns the entire interest (lot or parcel) exclusively with no common ownership of anything associated with it.
What is a commercial subdivision?
Commercial subdivision is the act of dividing a lot or parcel of land into two or more lots, sites or other land divisions for commercial or business developments including the construction of buildings.
What is the function of subdivision?
for the purpose of sale or of building development: Every division of a piece of land into two or more lots, parcels or parts is, of course, a subdivision. The intention is to cover all subdivision of land where the immediate or ultimate purpose is that of selling the lots or building on them.
What is a commercial development?
Commercial Development means any development and/or structure constructed mainly for the purpose of conducting business, including but not limited to retail stores, restaurants, shopping centers, business offices, gas stations, etc.
What is PD 957 all about?
Ferdinand E. Marcos, Presidential Decree 957 is passed to closely supervise and regulate real estate practitioners, owners, and developers in the Philippines. The primary purpose of this law is to protect buyers’ welfare from all types of real estate misrepresentations.
What are the advantages of living in a subdivision?
The Pros of a Subdivision This might include ensuring the common areas of the development are looking their best, as well as making sure the trash is collected, and snow plowed. When you are part of an HOA, some neighborhoods may offer perks such as a community pool, tennis courts, or a gym.
What are the benefits of subdivision?
Benefits of Subdivision
- Greater Profits – Subdivision takes one property and turns it into two or more, meaning you have more assets to sell.
- Greater Flexibility – Of course, you also have the opportunity to retain some of your land for rental income.
Who has the right of way in a subdivision?
Right of Way to Public Road. — The owner or developer of a subdivision without access to any existing public road or street must secure a right of way to a public road or street and such right of way must be developed and maintained according to the requirement of the government authorities concerned.