Land splits refer to the division of land into how many tracts for sale or lease?

Land splits, in the context of real estate and property development, typically refer to the division of a parcel of land into a specified number of smaller tracts for the purposes of sale or lease. The correct answer indicates that a land split involves the division of land into two or three tracts.

This definition aligns with zoning regulations and parceling laws that often govern how land can be subdivided. When a property is split into two or three tracts, it falls within common practices and legal frameworks that facilitate smaller developments while ensuring that local governance and zoning ordinances can appropriately manage such developments.

Usually, the framework for land splitting includes considerations for the impact on infrastructure, utilities, and community resources, which are more manageable when subdivisions are limited to a smaller number of tracts. This makes present land divisions into two or three tracts a common practice in real estate transactions and development in Arizona, reflecting both practical and legal standards in land use.