In real estate, a lot is a defined portion or parcel of real property, typically identified by legal description and boundaries. The term most often refers to a specific parcel within a recorded subdivision, as shown on a subdivision map or plat.
A lot is generally intended to be used or developed as a single unit, such as for residential, commercial, or industrial purposes. Its size, shape, and permitted uses are usually governed by local zoning regulations, subdivision ordinances, and recorded restrictions or covenants.
