Ace the Texas Law Module 2026 – Smash the 20-Hour Power Test!

A subdivision in real estate refers specifically to a parcel of land that has been divided into smaller lots for the purpose of development. This process often involves creating new streets, utilities, and community amenities, making it suitable for residential or commercial use. The division is typically conducted in accordance with local zoning laws and regulations, which dictate how the land can be utilized and developed.

Understanding this definition is crucial as it sets the stage for various real estate practices, such as land development, property investment, and the creation of homeowner associations, which are commonly associated with subdivisions. The other options do not accurately define a subdivision and instead relate to different aspects of real estate. A legal agreement for property exchange refers to contracts, zoning regulations pertain to land use policies, and a tax levy addresses financial obligations rather than land division.