They will begin by studying the topography of the land and identifying critical resource areas that cannot be developed. When you inherit real estate, all heirs must work together to decide what to do with it. There may also be deed restrictions that limit the number of times the original parcel can be divided. Splitting a Land Parcel: Its Benefits and Rules in California You . No. By subdividing your piece of property into multiple lots, you will potentially increase its uses and reap additional profit. a buyer appeared. How Title is Held (Names on Parcel): - yavapaiaz.gov the second structure. References Complete the application. Yes, split your parcel into two parcels, each with a Now, you may be thinking, This is my property (or properties) and I can do whatever I want with my stuff!. If you have a huge piece of land that can be divided into more than three lots, youre better off working with a real estate developer. Before subdividing your property, run a title search to make sure there are no competing claims to your property. Reviewed by Michelle Seidel, B.Sc., LL.B., MBA. You could pay as much as $10,000 on these fees, depending on your location and how many subdivisions you are requesting. Continue with Recommended Cookies. Frequently Asked Questions - Planning Dept Submit the plat, along with your certificiate of title and any application fees, to your local planning board, and stay in contact with the board during the approval process. But For example, if one parcel on the prior roll has been split into ten parcels on the current roll, there would be eleven entries on part 2, one for each parcel. bank refused to finance two structures on one parcel. Person requesting the split MUST be the current owner of the property. In Oregon, land divisions occur in one of two forms; either a "partition" or a "subdivision." The distinction is important, and often comes into play in the approval process. 7. Instructions for part 2 - Government of New York This can turn into more profit for you as you rent out or even sell those lots. Dividing shared property isnt easy, especially if some heirs want to sell while others want to keep the property for personal use. Note: Even if your property does not qualify for subdivision, you might be able to get approval by filing a planning or zoning variance or waiver. There is no way to accurately estimate how much it is going to cost to subdivide your property since so many factors impact the total cost. She holds a B.S. This article has been viewed 387,740 times. Working with a real estate agent thats experienced in probate and inherited properties will give you the best experience, both in overcoming the legal obstacles and with the home sale at large. Generally, it would take 9 months to 1 year for a two lot subdivision from start to obtaining title. The STC does explain one exception to the right of way rule. it, but we are having trouble making the decisionDo you The heirs will receive their allocation based on whats left after expenses, such as final bills, real estate agent fees, and maintenance. She is a licensed attorney who has done advocacy work for children and women. Once you have your subdivision plans all put together, go to the local planning board and schedule a pre-lodgement meeting. My wife and I have found our dream house, and we can afford Existing Boundaries: Show dimensions in distance and bearing of each existing parcel. Aside from the vast majority of property having the following gem included in the legal description (you dont have to read the whole thing, just read enough to get the gist) EXCEPT all oil, gas, other hydrocarbon substances, helium or other substances of a gaseous nature, coal, metals, minerals, fossils, fertilizers of every name and description, together with all uranium, thorium or any other minerals which is or may be determined by the laws of the United States, or of this State, or decisions of courts, to be peculiarly essential to the production of fissionable materials, whether or not of commercial value, and the exclusive right thereto, on, in or under the above described lands, shall be and remain and are hereby reserved in and retained by the State of Arizona (this topic will make for a great follow up blog post.)