Which term refers to the area of land that a property occupies?

The term that refers to the area of land that a property occupies is "Lot." In real estate terminology, a lot specifically describes a defined piece of land that is designated for a particular use, such as residential, commercial, or agricultural purposes. Lots can vary in size and shape, and they provide the basis for understanding property boundaries and zoning regulations.

A "Parcel" is often used interchangeably with lot but more broadly refers to any defined piece of land, which can include multiple lots. While "Footprint" generally describes the area that a building occupies on a lot, it's focused more on the structure itself rather than the entire land area. The "Perimeter" refers to the boundary line that encloses a shape, such as the edges of a lot, but does not define the area that the property occupies. Thus, "Lot" is the most accurate term for the area of land that a property occupies.