Definition
The legal boundary that defines the edge of a property parcel. It's an invisible line that can cause huge disputes if it's not exactly where everyone thought it was.
Example Usage
The surveyor discovered the fence was one foot inside the neighbor's property, crossing the lot line.
Origin
American real estate terminology, formalized in property surveying and conveyancing practices
Fun Fact
Lot line disputes are surprisingly common and expensive to resolve—making title insurance that covers survey defects increasingly valuable.
Source: Property Surveying and Real Estate Law
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