What does the term 'lot' refer to in a land development context?

In the context of land development, the term 'lot' specifically refers to a subdivision that is intended for the construction of a single structure, such as a house. A lot is typically defined by boundaries that are recognized in property records and zoning laws, enabling the owner to build and develop it according to local regulations. This definition distinguishes it from other uses of land, such as public spaces, conservation areas, or commercial parcels, which serve different purposes and may have different zoning requirements. Understanding the concept of a lot is crucial for anyone involved in real estate, construction, or land development, as it dictates how the land can be used, what can be built, and the compliance required for development projects.