What is the purpose of a plat map in real estate?

The purpose of a plat map in real estate is primarily to show land subdivision and lot layout. A plat map is a detailed diagram that represents a piece of land, typically subdivided into various parcels or lots. It includes vital information such as the dimensions of each lot, the boundaries of the subdivision, easements, and any public spaces like streets or parks.

This visual representation is essential for understanding how a piece of property is divided and how the different lots relate to each other. It's commonly used in property transactions to inform potential buyers of the arrangement and layout, and it plays a critical role in the development process, helping ensure that any future construction adheres to zoning and land use laws.

Other choices do not apply directly to the primary function of a plat map. For instance, property taxes are determined by tax assessors based on value assessments, while surveys of property boundaries, despite being related, focus more on legal delineations rather than subdivision layouts. Setting rental rates is typically based on market analysis and not directly related to the features of a plat map.