Define: Flag Lot

How is Flag Lot defined in a legal contract?

• Flag Lot means a property that does not have direct frontage on or access to a public roadway, and instead accessibility to the public roadway is confined to a narrow private path. Seen in 10 SEC Filings
• Flag Lot means a plot of land the majority of which can be accessed from a road or street via a narrow strip of land, also referred to as the 'staff'. The physical dimensions of the 'staff' are not considered when calculating the size of the lot for zoning and building objectives. Seen in 9 SEC Filings
• Flag Lot means a piece of land that visually resembles a fully outstretched flag at the top of a flagpole. The 'pole' portion of the lot has the required frontage and forms the access route to the lot. Seen in 6 SEC Filings
• Flag Lot means a plot of land that contains a slender strip, or 'panhandle', providing access from the public road to the remainder of the property. Seen in 4 SEC Filings
• Flag Lot means a parcel or lot that gains access to a road, street or right of way through a narrow strip of land or easement. Seen in 4 SEC Filings
• Flag Lot means a property that is largely detached from the street, situated behind another lot, and connected to the street by means of an extended piece of land. Seen in 3 SEC Filings
• Flag Lot means a property situated at the rear of another lot with an added strip that extends to the street providing an access route. The flag lot is created from the subdivision or partitioning of a larger lot or parcel. Seen in 3 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 flag lot' 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

• Flag Lot means a land parcel positioned primarily behind another, linked to a public road via a narrow access path.

Relevant Contract Type

• Real Estate Purchase Agreement
• Land Lease Agreement
• Easement Agreement

Relevant Circumstances

• Land plot subdivision for the purpose of creating new spaces to construct residential neighbourhoods.
• Establishing access points to various land parcels for purposes of development.
• Establishment of easements where a flag lot is created.

Relevant Sectors

• Real Estate Industry
• Construction Industry

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Genie Definition 2

• Flag Lot means a land plot with limited street frontage, reachable from a street via a narrow land strip, or 'staff'.

Relevant Contract Type

• Real Estate Purchase Agreement
• Land Development Agreement
• Subdivision Agreement

Relevant Circumstances

• Allocation and development of land plots in densely populated areas.
• Construction of residences or commercial properties where access is limited by other properties.

Relevant Sectors

• Real Estate Industry
• Urban Planning Sector

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