Minimum Lot Area
Barron's Business Dictionary:
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Minimum Lot Area
Smallest building lot area allowed in a subdivision , generally specified by a zoning ordinance.
| Minimum Lease Payments, Minimax Principle, Mini-Warehouse | |
| Minimum Payment, Minimum Pension Liability, Minimum Wage |
Barron's Real Estate Dictionary:
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Minimum Lot Area
The smallest building lot area allowed in a subdivision , generally specified by a zoning ordinance . The requirement effectively establishes the maximum building density for the subdivision.
Example: Baker owns land that is zoned “R-4.” If Baker develops the land, it must be used for residential purposes and lots must have a minimum lot area of 1
⁄ 4
acre.
Example: Baker owns land that is zoned “R-4.” If Baker develops the land, it must be used for residential purposes and lots must have a minimum lot area of 1
⁄ 4
acre.
| Minimum Down Payment, Mini-Warehouse | |
| Minimum Property Standards, Minor |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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