While often used in combination to determine other areas or ratios such as floor area ratio far for example the two have distinct differences and are defined differently by code.
Floor area and lot area.
Floor area ratio far is the measurement of a building s floor area in relation to the size of the lot parcel that the building is located on.
Lot coverage is the percentage of a land plot covered by one or more structures.
Both can affect the overall bulk characteristics within a zoning district.
Lot area means the total horizontal area within the lot line of a lot and in the case of a corner lot having street lines rounding at the corner with a radius of 6 m 19 7 ft or less the lot area of such lot is to be calculated as if the lot lines were projected to their point of intersection.
This is contrasted with floor area which is the size of the footprints of any buildings on the lot.
Floor area ratio is the percentage of building floor space to lot area.
In real estate lot area is the size of a plot of land usually rendered in square feet or meters.