What is the meaning of house and lot?

A house and lot refers to a residential property that includes both the structure (the house) and the land (the lot) on which it is built. This term is commonly used in real estate to indicate that the sale includes both the physical dwelling and the parcel of land it occupies. The lot can encompass a yard, garden, or other outdoor space associated with the property. Together, they provide a complete living environment for homeowners.