Question

According to the economic principle of plottage, combining two adjacent lots into a large one will produce a higher total land value than the sum of the value of the two sites if owned separately.
True / False.

Answer 1

Answer: True

Explanation:

The principle of pottage is considered as an evidence when the merger of adjacent lots into one larger plot that tends to produces greater land value than the sum of two sites might do separately. Plottage is known as or considered as the amount under which the value of the combined properties tend to increase if they undergo successful assemblage.