Parcel Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Parcel, written in plain English, along with examples of how it is used.
What is Parcel?
It refers to the piece of land divided from a larger area of land. The size and mass may vary as per the division. 2. It also refers to the package wrapped up.
History and Meaning of Parcel
Parcel is a term typically used in real estate and refers to a piece of land that has been legally divided from a larger area of land. The division is carried out to either sell, lease or develop that specific piece of land. The term can also be used to refer to a packaged item.
The term 'parcel' has been in use since the 15th century when it was derived from the Old French term 'parcelle'. It was used to refer to a small, defined portion of land when combined with larger tracts. In modern times, it refers to a specific piece of land precisely marked out with its boundaries.
Examples of Parcel
Some examples of how the term 'parcel' is used include:
- The parcel of land behind the mall is being developed for a new apartment complex.
- The property is spread over several parcels of land which will be sold separately.
- The developer subdivided the larger piece of land into 20 parcels for sale.
- The package being delivered contains a small parcel with the item.
Legal Terms Similar to Parcel
Other legal terms related to parcel include:
- Plat: It is a map or a plan of a specific parcel.
- Lot: A lot refers to an area of land that is sold or leased for use.
- Acreage: A unit of land measure that equals 43,560 square feet.
- Subdivision: This refers to the act of dividing a parcel of land into smaller pieces.
- Easement: It is the right granted for specific use or access to a property belonging to another.