Where to find lot sizes

This figure should be an accurate indicator of your lot size. As long as the plat map was designed by a professional surveyor, the information should be authentic.

They will give you information about the lot dimensions or the size measurements. You will also get the lot perimeter measurement. Hiring a professional survey service for your property is also the most accurate option for obtaining the lot size.

The property deed may already include an accurate size of your property. The preparation of a professional survey plan is needed if you do not believe that the property deed is correct. Pacing is the least accurate method of determining a lot size. Pacing is quick and easy when trying to get a quick estimate and when accuracy is not required. This method involves measuring the length of one of your steps. You then measure the number of steps it takes to cover the site length and the site width.

After taking all the necessary measurements and doing some basic math, you can calculate the site area. A measuring wheel allows you to measure the distance on land through a wheel. To use this device, you roll it over the area you wish to measure and record the results.

With this method, you may have to buy a measuring wheel. Just like pacing, some basic math is involved. The purchase papers or preliminary title report will include a scale map that shows the property and the surrounding lot borders. If a property survey report was completed, then it will also show the neighborhood property lines, often in more detail.

This can save you money and time if it's available. As a professional writer she has researched, interviewed sources and written about home improvement, interior design and related business trends. She earned a B. Her full bio and clips can be viewed at www. Related Articles. Types of Property Lines. Plot out the boundaries of the property on a piece of paper. Boundary Survey Plan If you have ever had a professional survey done for your property, there is a good chance that a boundary survey had been done as well.

Existing Conditions Plan A professional survey of your property would also likely have resulted in the preparation of an existing conditions plan for your site. Tax Map Your local municipality might have copies of tax maps that from which you could read lot areas.

Local GIS Your local municipality or state might have a GIS program that allows online public access to their database that could contain property tax maps that would include lot areas of lots. Professional Survey Services Even though this may be the most expensive option for obtaining the area size of your site, the hiring of professional survey services for your property should also be the most accurate option for obtaining an area.

Advertisement 9. Pacing Even though pacing may not be the most accurate way of determining a lot area, it is a quick and easy way to figure out something that is close enough and where accuracy is not too important.

Measuring Wheel Even though you might have to spend some money for this device, a measuring wheel allows you to measure the length and width of your site with more accuracy than the accuracy you would have with pacing. Many Options for Determining Lot Size While there are many options for determining lot size, some methods involve more work than others and some methods cost more than others.

Posted in Surveying. Tagged measurement , surveying. Related Posts. ET Secure IT. Suggest a new Definition Proposed definitions will be considered for inclusion in the Economictimes. Iron Condor Iron Condor is a non-directional option strategy, whereby an option trader combines a Bull Put spread and Bear Call spread to generate profit.

Management Buy Out MBO Definition: Management buyout MBO is a type of acquisition where a group led by people in the current management of a company buy out majority of the shares from existing shareholders and take control of the company. In the case of an MBO, the current management will purchase enough shares outstanding with the public so that it can end up holding at least 51 per cent of the stock.

Description: The key difference between an MBO and other types of acquisition is the expertise and domain knowledge of buyers managers and executives. Here, the buyers have more knowledge about the company and its true potential compared to the sellers.

That way, the seller would be at a disadvantage as the buyer may intentionally undervalue the company and buy stocks through unfair means at a lower price. An MBO can happen in a publicly listed or a private sector company. When it happens in a publicly listed company, it becomes private. Some of the gains from the company going private are reduced listing and registration costs and less regulatory and disclosure overhead.

Other benefits include improved efficiency of managers as they own the company and accordingly they have better incentives to work harder. They take decisions that can benefit the company in the long run. At times, the managers may not be wealthy enough to buy majority of the shares. Therefore, additional funds may have to be raised through debt or with the help private equity funds.

So, a large part of the transaction becomes debt financed while the remaining shares are held by private investors. This debt load on the firm makes its management leaner and more efficient. Definition: Lot size refers to the quantity of an item ordered for delivery on a specific date or manufactured in a single production run. A simple example of lot size is: when we buy a pack of six chocolates, it refers to buying a single lot of chocolate.

Description: In the stock market, lot size refers to the number of shares you buy in one transaction.