What does Subdivision mean?

A subdivision is a type of land development in which a large piece of land is divided into smaller plots or parcels for the purpose of building homes or commercial properties. Subdivisions are often planned communities with a specific design and layout, and are typically governed by a homeowners association or community association that sets rules and regulations for the development. Subdivisions can be urban, rural or a combination of both.

Related Terms

Equity Conveyance Homeowners' Warranty Adjusted Cost Basis Subcontractor Cash-Out Refinance No-Competition Lots Financing Contingency Rate-Improvement Mortgage Victorian Style Closing Agent Return on Investment Errors and Omissions Insurance Cap Rate Contract To Purchase Right To Recission Special Deposit Account End Loan