Which term describes a division of real property?

A subdivision refers to the process of dividing a larger parcel of real estate into smaller lots or parcels, typically for the purpose of development or sale. This term is significant in land surveying and real estate, as it establishes clear boundaries and a legal framework for ownership and development within the newly created lots.

Subdivision involves careful planning and adherence to local zoning laws, regulations, and standards. It often requires surveys to delineate property lines and ensure that the development is feasible and compliant with local policies. This term is crucial for anyone involved in real estate transactions or land development, as it lays the groundwork for property ownership and use, reflecting how land is managed and utilized in a communal or regional context.

In contrast, the other options refer to different concepts. Unit consolidation involves combining multiple properties or units into a single entity, which does not pertain to the division of property. A commercial lease pertains to agreements allowing tenants to use real estate for business purposes, and a property listing is simply a marketing term for available real estate, neither of which relates to the division of property itself.