The following is an exemption I would like to use for subdividing some land in Otero county NM. Does it just say I can subdivide every 5 years without going through the Subdivision Act? I want to be sure I understand precisely what can be done.
"The sale, lease, or other conveyance of a single parcel from a tract of land, except from a tract
within a previously approved subdivision, within any five (5) year period; provided that a second
or subsequent sale, lease, or other conveyance from the same tract of land within five (5) years of
the first sale, lease, or other conveyance shall be subject to the provisions of the New Mexico
Subdivision Act and these Regulations; provided further that a survey shall be filed with the
Otero County Clerk indicating the five (5) year holding period for both the original tract and the
newly created tract."

