Property Valuation
In Michigan, 'assemblage' in real estate refers to:
ADemolishing a building and clearing the land
BCombining two or more adjacent parcels into a single larger parcel, potentially creating plottage value✓ Correct
CSubdividing a large parcel into smaller lots
DConverting a commercial property to residential use
Explanation
Assemblage is the process of combining two or more adjacent parcels into a single larger parcel. When the combined parcel is worth more than the sum of the individual parts, the increase in value is called plottage.
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