Plot

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Plot

In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner. A plot is essentially considered a parcel of real property in some countries or immovable property in other countries. Possible owners of a plot can be one or more persons or another legal entity, such as a company, corporation, organization, government, or trust. A common form of ownership of a plot is called fee simple in some countries.

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