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The division of property by the binding site plan process may only be used for the following:

(1) Division of land for the sale or lease of commercially or industrially zoned property as provided in PMC Title 25;

(2) The division of land for the purposes of leasing space for mobile homes or travel trailers so long as the site plan complies with all applicable mobile home park and zoning regulations;

(3) The division of land involving improvements constructed or to be constructed thereon that will be one or more condominiums or owned by an association or other legal entity. [Ord. 3398 § 2, 1999; Code 1970 § 26.40.020.]