Realty Subdivision definition
Realty Subdivision means any tract of land which is hereafter divided into five (5) or more parcels along an existing or proposed street, highway, easement or right-of-way for sale or for rent as residential lots or residential building plots, regardless of whether the lots or plots to be sold or offered for sale or leased for any period of time are described by metes and bounds or by reference to a map or survey of the property or any other method of description and regardless of whether the lots or plots are contiguous. A tract of land shall constitute a subdivision upon the sale, rental or offer for sale or lease of the fifth (5th) residential lot or residential building plot therefrom within any consecutive three (3) year period and at that time the provisions of Section 1116 of the State Public Health Law shall apply to all such parcels which require approval of plans by the Department thereof, including the first four
Examples of Realty Subdivision in a sentence
The real property legally described as: ▇▇▇▇ ▇, ▇ ▇▇▇ ▇, ▇▇▇▇▇ ▇, ▇▇ ▇▇▇▇▇▇ Realty Subdivision, in the City of Laurel, Yellowstone County, Montana, according to the official plat on file in the office of the Clerk and Recorder of said County, under Document #2742.