👉 In the context of real estate or finance, a "nettings" refers to a type of property where each piece of land is owned by multiple parties. Each party has a separate legal title and interest in the land, with no joint ownership. This can be particularly useful for subdividing existing properties into smaller lots, which can then be developed as individual properties or sold separately. For example, a homeowner could own a lot of land that they are planning to develop into a single-family home subdivision.
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What is the definition of Netting? 🙋
👉 Netting is a method of bundling together multiple items for transportation. It involves attaching each item to a cable, which then provides a physical link between them. In the context of cargo shipping and logistics, netting can be used to provide extra protection or security for certain types of goods. For example, it may be used to protect perishable or sensitive food products from damage during transport.
