A real estate term referring to the process of combining adjacent parcels of land to form one larger parcel. Typically the value of the whole parcel will be greater than the sum of the individual smaller parcels.
Also called assemblage.
Plottage refers to the merging or consolidating of adjacent lots into one larger lot, with the consequent result of improved usability and increased value. The value of the combined asset is larger than the sum of its parts because larger structures can be built on the land and its functionality is increased.
Investment dictionary. Academic. 2012.
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Plottage — is the process of combining adjacent parcels of land into one larger parcel. Generally, the value of the whole parcel will be greater than the sum of the individual smaller parcels.fact|date=December 2007 Sources Mastering Real Estate Principles… … Wikipedia
plottage — [plät′ij] n. the area of a plot of land … English World dictionary
plottage — A term used in appraising land values and particularly in eminent domain proceedings to designate the additional value given to city lots by the fact that they are contiguous, which enables the owner to utilize them as large blocks of land.… … Black's law dictionary
plottage — noun Date: 1936 the area included in a plot of land … New Collegiate Dictionary
plottage — /plot ij/, n. the area within or comprising a plot of land. [1935 40; PLOT + AGE] * * * … Universalium
plottage — n. area of land, size of a plot of land … English contemporary dictionary
plottage — plot·tage … English syllables
plottage — plot•tage [[t]ˈplɒt ɪdʒ[/t]] n. the area within a plot of land • Etymology: 1935–40 … From formal English to slang
plottage — The added value that accrues to two or more lots in one ownership, where the entire plot can be improved to better advantage than the individual lots. Re New York, 127 Misc 710, 729, 217 NYS 544 … Ballentine's law dictionary
plottage — ˈpläd.ij noun ( s) Etymology: plot (I) + age 1. : the increment of value resulting from the combination of small tracts of land or lots into larger ones 2. : the area included in a plot of land … Useful english dictionary