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