What does tract mean in real estate?
In real estate, the term “tract of land” is usually used to refer to land that has not yet been developed. It may be public land or private land on which a piece of real property has not yet been built.
What does the term platted mean?
1 : a small piece of ground (such as a lot or quadrat) : plot. 2 : a plan, map, or chart of a piece of land with actual or proposed features (such as lots) also : the land represented. plat. verb (2) platted; platting.
What does platted mean in real estate?
A map of a town or a section of land that has been subdivided into lots showing the location and boundaries of individual parcels with the streets, alleys, easements, and rights of use over the land of another. A plat is usually drawn to scale. PLAT.
What is the difference between a lot and a tract?
Lot is a word used to describe a legally defined portion of a property or real estate. However, the word is used for describing a segment of land that will be owned and developed by a certain individual. On the other hand, a tract of land is a term that labels a few acres, square miles or big recognizable area of land.
Is a tract a lot?
A tract of land has usually been surveyed or has borders that are defined within a deed or other legal instrument. It is important to know that a tract of land often contains multiple lots, but the term can also be used to describe a single lot (especially when you are dealing with lots of significant size).
What is a tract acre?
Answer and Explanation: Become a Study.com member to unlock this answer! A tract is simply a designated portion of property. Most commonly, a tract of land is called a ‘section’, which is 640 acres.
What does it mean if land is platted?
Platted land means a tract or parcel of land which has been subdivided into lots of less than five acres for the purpose of building developments, including housing developments, and for which a surveyor’s plat has been filed of record in the office of the register of deeds in the county where the land is located.
What is the difference between platted and unplatted land?
Unplatted property refers to land that has not been platted or plotted. A plat is a map drawn to scale showing the divisions of a piece of land. It gives details of the land, its boundaries, lots, roads, and easements.
What does not platted mean?
Without the platting system, there would be no legal documentation of the development of a property – nor would there be laws holding property owners liable for what they do to their land and that of adjacent tracts. Plats may seem like tedious red tape, but they are necessary to preserve the law and order of lands.
What does platted lot mean?
Platted lot means a fractional part of divided lands having fixed boundaries, being of sufficient area and dimension to meet minimum zoning requirements for width and area and the flexible lot development standards contained within this title. The term includes tracts or parcels.
Is a lot the same as land?
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 is tract size?
A tract is simply a designated portion of property. Most commonly, a tract of land is called a ‘section’, which is 640 acres.
When does a division of a tract include a plat?
(a-1) A division of a tract under Subsection (a) includes a division regardless of whether it is made by using a metes and bounds description in a deed of conveyance or in a contract for a deed, by using a contract of sale or other executory contract to convey, or by using any other method. (b) To be recorded, the plat must:
Can a lot be used to describe a tract of land?
Not all property is platted. So, if the deed to your property utilizes subdivision lot numbers to describe your land, then this is your first clue to the fact that it’s been platted. However, deeds sometimes use a different system of geographical references to describe the size and shape of the property.
When does a lot need to be platted in Texas?
If any lot is sold, given, or otherwise transferred to an individual who is not related to the owner within the third degree by consanguinity or affinity, the platting requirements of this subchapter apply.
Do you need a Platting for a subdivision of land?
A county need not require platting for every division of land otherwise within the scope of this subchapter. (b) Except as provided by Section 232.0013, this subchapter does not apply to a subdivision of land to which Subchapter B applies.