When it comes to plats, there is a lot to know. In this article, we are going to talk about replatted land, lots, and blocks and how they relate to plats.
How & When Land can be Replatted
Land that has been previously platted can be replatted in certain situations. Let’s say you have a large piece of platted land (we’ll call it Lot 1, Block 1), and the owner of that land wants to subdivide it into sub-lots. In this situation, Lot 1, Block 1 can be replatted to describe the various new, smaller sub-lots. Any TYPE of legal description can be platted in the interest of creating a new and simpler legal description for a subdivision of land.
Identifying Lots & Blocks
When you’re platting a piece of land, you need to identify the intended lots and blocks within that plat. Some plats may have just one lot and block, while others may have numerous blocks each containing their own lots. However the plat is constructed, the measurements and boundaries of the parcels need to be clearly defined and identified on the plat.
Twin Cities Commercial Title Company
The Twin Cities title experts at Commercial Partners Title Company are ready and waiting to help you through the details of your next transaction. Our team of experts has been facilitating commercial real estate transactions for decades. We have the knowledge and experience to ensure your transaction goes off without a hitch. Let us put our experience to work for you. We’ll make sure you are fully prepared when it comes time to close on your transaction. Contact us today at our downtown Minneapolis offices to learn more about our services and how we can help.