Property Development
/ˈprɒpə(r)ti dɪˈvɛləpmənt/
Definitions
- (n.) The process of improving land or buildings to increase their value or utility, often involving planning, construction, and sale or lease.
The company specializes in property development, turning vacant lots into residential complexes.
Related terms
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Commentary
Property development often requires navigating complex regulatory frameworks including zoning laws and permits, making it a multidisciplinary legal area involving contract, real estate, and environmental law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.