The act of splitting a single parcel of land into two or more separate, legally distinct lots is a complex process. An example would be transforming a large, undeveloped acreage into smaller residential building sites. This action creates new, independent properties from a pre-existing one.
Dividing land can unlock significant value for owners. It allows for the development of more housing, creation of business opportunities, and increased land utilization, potentially leading to greater overall financial return. Historically, this process has been critical for urban expansion and the creation of diverse land use patterns.
