Tract of land

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Possible Answers:

LOT.

Last seen on: –NY Times Crossword 29 May 21, Saturday
NY Times Crossword 16 May 21, Sunday

Random information on the term “Tract of land”:

Butts and bounds, shortened form for “abuttals and boundaries” of a property, are the boundary lines delineated between plots of land, usually those which define the end of an estate, as used in legal deeds, titles, etc. These are usually descriptive features in the property, such as trees, outcroppings of stone, or riverine brooks, etc., and are signified in the legal deed for purposes of identification.

The practice of signifying butts and bounds in the sale of real estate and in legal deeds and contracts is an ancient practice, having attestation in the Hebrew Bible. In the episode of Abraham who purchased the field of Ephron in Genesis 23:17, and where it describes the cave and the trees in the outermost bounds of the property, the Sages of Israel learnt thereby that he that sells his field must write in the deed its landmarks and boundaries.

According to rabbinic tradition, Joshua, when dividing the Land of Canaan among the twelve tribes of Israel, planted Sea squill (Hebrew: חצוב‎) to mark off the butts and bounds of tribal inheritance.

Tract of land on Wikipedia

Random information on the term “LOT”:

In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a plot can be one or more person(s) 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.

A plot may also be defined as a small area of land that is empty except for a metalled road surface or similar improvement, and it typically all used for the same purpose or is in the same state. An example would be a car park or a cultivated garden plot. This article covers plots (more commonly called lots in some countries) as defined parcels of land meant to be owned as units by an owner(s).

Like most other types of property, lots or plots owned by private parties are subject to a periodic property tax payable by the owners to local governments such as a county or municipality. These real estate taxes are based on the assessed value of the real property; additional taxes usually apply to transfer of ownership and property sales. Other fees by government are possible for improvements such as curbs and pavements or an impact fee for building a house on a vacant plot.

LOT on Wikipedia