Land lot

In real estate, a land lot or plot of land is a tract or parcel of land owned or meant to be owned by an/some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property in other countries. Possible owners of a plot can be one or more persons or another legal entity, such as a company, corporation, organization, government, or trust.

A common form of ownership of a plot is called fee simple in some countries.

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Source: Wikipedia · Image: Wikimedia Commons · CC BY-SA 2.5

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