It is impossible for most people to finish a whole box of pizza. This is the reason why it is sliced into pieces and subdivided. The same goes for certain parcels of land. An individual can only tend a particular part of land alone without exhausting all of his or her resources. This is the concept of land subdivision.
Depending on the size of your land and the requirements of your local government, you can easily do the subdivision process yourself, or you can seek professional subdivision services offered by firms such as Cato Bolam Consultants.
Here are some common things you need to know about the act of subdividing properties.
What is subdivision?
It is the process of dividing a land. Once divided, each part holds a separate legal title for the new section created. The District Land Registrar gives out the title after receiving an application for a subdivision plan. People subdivide their properties for various reasons. But how do you know if yours is eligible for the process?
Which properties can you subdivide?
People who own huge properties of land are usually the ones who subdivide their estate. Residential, commercial, and rural areas can all be subdivided. Every local community has their own sets of policies; therefore, there is no standard size to follow as to how big a land should be to be subdivided.
To determine if you are eligible for one, have your property checked by a land subdivision professional.
What is the process of subdividing your property?
There are a number of steps to follow before subdividing your property. Your finances should be ready in case you need to do this. You will be presenting the consent from the local councils as well as a survey plan. Additionally, you should submit the plan to the Land Information New Zealand (LINZ), which will release the approval.
Afterwards, the institution will issue the new titles. When it comes to preparing the property itself, additional changes like building a house, creating additional pathways and other important infrastructures are required.
Subdividing a property is an investment that one needs to think repeatedly before doing. It might seem overwhelming at first, but if done right, the returns would surely be worth it.