What is the minimum number of lots in a subdivision application that requires a list of stockholders or partners?

What is the minimum number of lots in a subdivision application that requires a list of stockholders or partners?

• A. 3 Lots
• B. 5 Lots
• C. 7 Lots
• D. 10 Lots

Answer: (D)

In New Jersey, regulations regarding subdivision applications stipulate that a plan involving the creation of at least ten lots necessitates the submission of a list of stockholders or partners. This requirement is in place to ensure transparency and accountability in the planning process, especially as subdivisions can impact local communities significantly. The rationale behind the number ten is likely connected to the potential complexity and scale of developments; as the number of lots increases, the likelihood of broader community implications and the need for involvement from multiple stakeholders rises. This requirement helps local authorities understand who is behind the project and how many parties are involved, which is crucial for zoning, environmental impact assessments, and overall planning oversight. Thus, a subdivision application aimed at creating fewer than ten lots does not require a disclosure of stockholders or partners, reflecting either a lesser impact or a simpler ownership structure that may not necessitate the same level of scrutiny.

In New Jersey, regulations regarding subdivision applications stipulate that a plan involving the creation of at least ten lots necessitates the submission of a list of stockholders or partners. This requirement is in place to ensure transparency and accountability in the planning process, especially as subdivisions can impact local communities significantly.

The rationale behind the number ten is likely connected to the potential complexity and scale of developments; as the number of lots increases, the likelihood of broader community implications and the need for involvement from multiple stakeholders rises. This requirement helps local authorities understand who is behind the project and how many parties are involved, which is crucial for zoning, environmental impact assessments, and overall planning oversight.

Thus, a subdivision application aimed at creating fewer than ten lots does not require a disclosure of stockholders or partners, reflecting either a lesser impact or a simpler ownership structure that may not necessitate the same level of scrutiny.