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The Doctrine of Merger in California real property law provides that when a greater and lesser estate are vested in the same person, the lesser estate may merge into the greater estate and the lesser estate be terminated.

Related Definitions Multiple parcel building means a building, other than a building consisting entirely of a single condominium, timeshare, or cooperative, which contains separate parcels that are vertically located, in whole or in part, on or over the same land.

Merger of real property lots 'Merger is the absorption of a lesser estate by a greater estate, and takes place when two distinct estates of greater and lesser rank meet in the same person or class of persons at the same time without any intermediate estate.

While the property deed conveys ownership, the deed of trust does not. The holder of the deed of trust is an accredited third party who holds the property until the loan is repaid. There are no choices involved or different types of deeds of trust.

A merger takes place when two companies combine to form a new company. Companies merge to reduce competition, increase market share, introduce new products or services, improve operations, and, ultimately, drive more revenue.

In property law, the rule of merger is the absorption of a lesser estate (e.g., lease of land) into a greater estate (e.g., fee simple ownership of the same land) when both estates are successive and become vested property of the same person.

For example, when the tenant of a property becomes the owner of that property, the two interests coincide. Another form of real estate merging concerns the title. Through a merger of title, two or more next-door parcels of property are joined under one title (for example, as a result of an inheritance).

In cases where a land owner wants to combine several adjacent pieces of property into one larger parcel of land, a land surveyor must draw a lot consolidation plat to submit to local authorities for approval.

The main consideration is that California has long been regulated by the Subdivision Map Act. This means that you can't divide or combine land in California for sale, lease, or financing without getting approval from your local jurisdiction.

Plottage, or assemblage, is the result of combining two adjacent pieces of real estate into a single lot. This allows the land to be used in a way that creates additional value, with the increase in value being referred to as the plottage increment.