Common use of PARCELIZATION Clause in Contracts

PARCELIZATION. Developer may divide the Property into separate legal lots so long as those lots are created utilizing the land division processes or exemptions thereto contained in applicable law and are not inconsistent with the Master Plan and this Restated DA. Any new parcel or lot thereby created shall be bound by the terms and conditions of the adopted Master Plan and this Restated DA.

Appears in 2 contracts

Sources: Development Agreement, Development Agreement