What is land readjustment?
Land readjustment is a physical redevelopment of property, where original property owners retain their property rights in a new, more valuable physical format in the future development.
It is an urban tool used widely around the world from agricultural and peri-urban settings to densely populated urban centers. Land readjustment applied to a suburban context can have many different applications and ownership structures. Described below is a land readjustment process that allows homeowners to ground lease their land to an investor for redevelopment.