Define: Unimproved Land

How is Unimproved Land defined in a legal contract?

• Unimproved Land means land on which no substantial or lasting development has taken place and for which there are no plans for development within the next [number] months. Seen in 195 SEC filings.
• Unimproved Land means land where no significant changes, temporary or otherwise, have been made. Seen in 158 SEC filings.
• Unimproved Land means land that is not suitably zoned for retail development, does not have access to necessary utilities, or lacks access to public streets. This classification can be changed if the land meets designated criteria within a [number] month period, at which point it is considered as in-progress construction. Seen in 65 SEC filings.
• Unimproved Land means a single tax or individually platted lot where no construction of industrial buildings has started. Seen in 35 SEC filings.
• Unimproved Land means land with no significant developments, where no future developments are planned within the next [number] months, and does not include any undeveloped portions of developed properties unless there is intent to develop that part of the land. Seen in 25 SEC filings.
• Unimproved Land means properties that have not been developed for commercial, industrial, residential, or any other income-generating purpose and are not currently being developed. Seen in 21 SEC filings.
• Unimproved Land means wholly-owned land on which no material or non-temporary development has taken place and for which no development is planned within the next [number] months. Seen in 10 SEC filings.
• Unimproved Land means any real estate asset that consists of undeveloped land with no buildings, structures, or income-generating improvements. Seen in 9 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of unimproved land' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Unimproved Land means property that has no substantial or lasting developments and has no planned development in the next [number] months.

Relevant Contract Types

• Real Estate Sale Agreement
• Land Lease Agreement
• Development Agreement

Relevant Circumstances

• Purchase of raw land for future developments
• Lease of open land for cultivation, grazing, or other temporary uses
• Agreement for developing property in the future

Relevant Sectors

• Real Estate
• Agriculture
• Construction

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Genie Definition 2

• Unimproved Land means property without income-generating improvements such as buildings or structures.

Relevant Contract Types

• Land Acquisition Agreement
• Asset Purchase Agreement

Relevant Circumstances

• Acquisition or purchase of land for establishing industrial, commercial, or residential infrastructures

Relevant Sectors

• Industrial Infrastructure
• Commercial Construction
• Housing Development

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