Key Lot

Definition: A lot described as important because of its location or relationship to adjoining parcels. The term can refer to a strategically needed parcel or to a lot adjoining the rear of a corner lot.

Example

A developer needs one particular parcel to provide access for an otherwise incomplete assemblage.

Keep the distinction clear

Usage varies, so do not infer exact dimensions or value from the label. Check the plat, access rights, and reason the parcel is considered a key lot.

Related terms

Assemblage · Plottage Value · Corner Lot

Keep studying

CMA vs. Appraisal: What Is the Difference?

References: California DRE: real estate glossary

Pronunciation (US): KEE LAHT (capitals show stress)

Pronunciation reference: Merriam-Webster