Assemblage

Definition: Assemblage is the combining of adjoining parcels into a larger property or ownership unit.

Example

An investor purchases three neighboring lots to create one potential development site.

Keep the distinction clear

Assemblage describes the combining process. Plottage describes any resulting increase in value beyond the total values of the separate parcels; that increase is not automatic.

Related terms

Plottage Value · Highest and Best Use · Land

Keep studying

CMA vs. Appraisal: What Is the Difference?

References: California DRE: real estate glossary

Pronunciation (US): uh-SEM-blij (capitals show stress)

Pronunciation reference: Merriam-Webster