What is meant by "adjacent property"?

The term "adjacent property" refers specifically to properties that are next to or neighboring each other. This definition encompasses any parcels of land that are contiguous, meaning they share a direct boundary, such as being side by side or back to back. This concept is significant in various aspects of real estate, including zoning, property valuation, and development potential. For example, adjacent properties may have implications for development regulations, shared services, or cooperative uses.

Understanding this term helps in making informed decisions about purchases, neighborly negotiations, and assessing property impacts related to planning and zoning laws. The other options do not capture the precise meaning of adjacency, which focuses on direct neighboring relationships rather than distance or the types of properties involved.