Business Definition for: subdividing
Related Terms:
one who partitions a tract of land for the purpose of selling the individual plots. If the land is improved in any way, the subdivider becomes a developer.
Example: Olsen, a subdivider, purchases a 100-acre tract of land. The tract is subdivided into 5-acre plots that are marketed to investors and developers.
one who partitions a tract of land for the purpose of selling the individual plots. If the land is improved in any way, the subdivider becomes a developer.
Example: Olsen, a subdivider, purchases a 100-acre tract of land. The tract is subdivided into 5-acre plots that are marketed to investors and developers.
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