When an undeveloped parcel of land is referred to as fully entitled what does that mean?
"Fully entitled" is developer/builder jargon. It refers to a
business opportunity. State and local pre-construction requirements
are known as "entitlements". It means that the preliminary
permitting work has been completed for a building project on a
parcel of land. Primarily, the plans for the project have been
approved by the Planning Board or Commission. A builder or
developer can then purchase the parcel and build according to the
proposals and plans that have already been approved.