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Outlot Definition?

Discussion in 'Urgent - Help Needed' started by SPSDOT, Jun 26, 2008.

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  1. SPSDOT

    SPSDOT New Member

    0
    Jul 20, 2007
    Professional Status:
    Certified Residential Appraiser
    State:
    Wisconsin
    I've been through the Dictionary of Real Estate Appraisal, Real Estate Appraisal Terminology, and Harrison's Illustrated Dictionary of Real Estate Appraisal. I even checked my Oxford Dictionary. None of them have a definition of "outlot".

    Does anyone have have a good definition of the term? I know what it is, but I can't really explain it without saying "this is just my opinion".
    Any help would be appreciated.

    Thanks,

    Steve.
     
  2. Robert Gonsalves

    Robert Gonsalves Sophomore Member

    0
    Apr 21, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    I found this using Google Search......

    s. 236.16 (1),
    Wis. Stats.
    s. 236.02 (7),
    Wis. Stats.

    Lots, Outlots, and Blocks
    PARCEL DESIGNATION
    Subdivisions consist of blocks, lots, outlots, public streets, and public
    dedications. No other parcel designations are provided for by ch.
    236.

    Outlots
    Any parcel not designated as a lot, public street, or public
    dedication, must be designated as an outlot. This includes private
    roads, right-of-way islands, areas for future development, and all
    other non-buildable parcels retained by the developer or lot
    owners. Outlots may be of any size and shape, and do not need
    access to a public street. Outlots may be dedicated to the public.
    Outlots may be sold and/or built upon if they meet size and
    access requirements, and any restrictions on the outlot have been
    released.
    Hope this helps;
    Robert G.
     
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