Lot definition: Copy, customize, and use instantly
Introduction
The term "Lot" refers to a specific parcel or quantity of items that are grouped together for a particular purpose, such as sale, auction, or distribution. It is commonly used in various sectors including real estate, finance, manufacturing, and commerce. A "Lot" can represent a single item, a batch of goods, or a piece of land, and its value or quantity is often determined by its grouping.
Below are various examples of how "Lot" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Lot" for real estate transactions
This definition ties "Lot" to real estate purchases.
"Lot" means a piece of land, including any improvements thereon, which is identified for sale or transfer as part of a real estate transaction.
Definition of "Lot" for auction settings
This definition connects "Lot" to an auction context.
"Lot" refers to a single item, group of items, or parcel that is offered for sale at an auction, with its price being determined by bidding.
Definition of "Lot" for product sale
This definition links "Lot" to the sale of goods.
"Lot" means a batch of products, often grouped together for sale, which may include similar items of a particular brand, type, or quantity.
Definition of "Lot" in manufacturing
This definition applies "Lot" to production processes.
"Lot" refers to a specific quantity of products or materials manufactured or produced at one time, typically under the same conditions or specifications.
Definition of "Lot" in land transactions
This definition connects "Lot" to land sales.
"Lot" means a designated area of land that is offered for sale, development, or lease, as defined by boundaries established in property surveys or maps.
Definition of "Lot" in inventory control
This definition ties "Lot" to inventory management.
"Lot" refers to a quantity of goods that are grouped together for storage, tracking, and sale purposes, usually bearing the same manufacturing or expiration date.
Definition of "Lot" for stock trading
This definition links "Lot" to securities transactions.
"Lot" means the quantity of shares of a particular stock or security that are bought or sold in a single transaction, often in standard units such as 100 shares.
Definition of "Lot" for bulk sale
This definition applies "Lot" to bulk sales.
"Lot" refers to a large quantity of goods sold in a single transaction, typically at a discounted price, which may consist of various items of similar type or category.
Definition of "Lot" in leasing
This definition connects "Lot" to leasing agreements.
"Lot" means a specific parcel of land or space that is available for lease, often defined by its location or size within a larger development or commercial area.
Definition of "Lot" for packaging
This definition ties "Lot" to packaged goods.
"Lot" refers to a set of items packaged together for distribution or sale, often with the same expiration or manufacturing date for uniformity.
Definition of "Lot" for shipping purposes
This definition links "Lot" to the shipping and logistics sector.
"Lot" refers to a quantity of goods or materials shipped together as a unit, often under a single shipment or bill of lading.
Definition of "Lot" for land development
This definition connects "Lot" to development projects.
"Lot" means a parcel of land intended for development or construction, usually identified by a plot number or other markers within a larger development area.
Definition of "Lot" for construction projects
This definition ties "Lot" to construction and real estate development.
"Lot" refers to a parcel of land earmarked for construction purposes, typically with the intention of developing a residential or commercial building.
Definition of "Lot" in a real estate subdivision
This definition applies "Lot" to residential subdivisions.
"Lot" refers to a parcel of land within a subdivision, which is legally divided for individual ownership or development.
Definition of "Lot" for land survey
This definition connects "Lot" to surveying.
"Lot" means a parcel of land that has been surveyed and measured according to legal or regulatory guidelines, often marked by boundary lines.
Definition of "Lot" for auction items
This definition links "Lot" to auction contexts.
"Lot" refers to a collection of items or products grouped together for sale in an auction, with a fixed price or starting bid for the entire collection.
Definition of "Lot" for legal purposes
This definition ties "Lot" to legal definitions.
"Lot" means a legally designated parcel or group of assets, properties, or goods considered as a unit for sale, transfer, or taxation purposes.
Definition of "Lot" for commercial property sales
This definition connects "Lot" to commercial real estate.
"Lot" refers to a portion of commercial property, identified for sale or lease, that may include buildings or structures, parking areas, or vacant land.
Definition of "Lot" for tax assessments
This definition links "Lot" to tax calculations.
"Lot" means a unit of property, whether developed or undeveloped, used to determine property tax assessments for a particular jurisdiction.
Definition of "Lot" in agricultural sales
This definition ties "Lot" to agricultural products.
"Lot" refers to a quantity of agricultural products, such as produce or livestock, sold together in a single transaction or auction.
Definition of "Lot" for real estate appraisals
This definition applies "Lot" to real estate evaluations.
"Lot" means a parcel of land evaluated for its market value, including considerations for zoning, location, and other land characteristics.
Definition of "Lot" for housing sales
This definition connects "Lot" to residential sales.
"Lot" refers to a parcel of land intended for residential development, where a house or housing unit is built or will be built.
Definition of "Lot" for industrial property
This definition links "Lot" to industrial real estate.
"Lot" refers to a designated parcel of industrial property, which may include manufacturing facilities, warehouses, or undeveloped land for industrial use.
Definition of "Lot" for retail transactions
This definition ties "Lot" to retail goods.
"Lot" means a quantity of retail products that are grouped together for a single transaction, often for wholesale or bulk sales.
Definition of "Lot" for residential zoning
This definition applies "Lot" to zoning regulations.
"Lot" refers to a plot of land in a residential zone, as defined by local zoning ordinances, designated for residential use.
Definition of "Lot" for property disputes
This definition links "Lot" to legal disputes.
"Lot" means a specific parcel of land or property subject to legal ownership, and can be contested in cases of property disputes.
Definition of "Lot" for environmental assessments
This definition connects "Lot" to environmental evaluation.
"Lot" refers to a parcel of land evaluated for environmental concerns, such as contamination or suitability for development or sale.
Definition of "Lot" for asset sales
This definition ties "Lot" to the sale of business assets.
"Lot" means a collection of assets, including inventory, equipment, or intellectual property, grouped together for sale in a business transaction.
Definition of "Lot" for real estate brokerage
This definition links "Lot" to real estate brokerage activities.
"Lot" refers to a property or land listing offered for sale, identified by its size, location, and potential for development or other uses.
Definition of "Lot" for zoning and land use
This definition applies "Lot" to urban planning.
"Lot" means a defined parcel of land subject to specific zoning laws, which regulate the permissible use of the land, such as residential or commercial development.
Definition of "Lot" for residential development
This definition connects "Lot" to housing development.
"Lot" refers to a parcel of land designated for the construction of residential buildings, such as houses, apartment complexes, or condominiums.
Definition of "Lot" for agricultural land transactions
This definition ties "Lot" to agricultural property sales.
"Lot" refers to a portion of agricultural land, often sold in parcels for farming or ranching purposes.
Definition of "Lot" for land subdivision
This definition links "Lot" to land division.
"Lot" means a subdivided parcel of land, created from a larger tract for sale or development, typically with defined boundaries and legal ownership.
Definition of "Lot" for real estate appraisal
This definition connects "Lot" to property valuation.
"Lot" refers to the piece of real estate appraised for market value, often considering location, infrastructure, and zoning potential.
Definition of "Lot" for estate planning
This definition ties "Lot" to inheritance planning.
"Lot" means a parcel of land designated for distribution under an estate plan, as part of a will or trust.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.