No subdivision, land development or excavation of any lot, tract or parcel of land shall be effected and no street, sanitary sewer, storm sewer, water main or other facilities and public utilities in connection therewith shall be constructed, opened or dedicated for public use or travel, or for the common use of occupants of buildings abutting thereon, except in strict conformance with the provisions of this chapter.
A.ย 
No lot in a subdivision shall be sold; no permit to erect any building upon land in a subdivision shall be issued; and no building shall be erected in a subdivision, unless and until a subdivision plan has been approved and recorded and until the improvements required by the governing body in connection therewith have either been constructed or guaranteed as hereinafter provided.
B.ย 
The division of a lot containing more than one principal structure for the purpose of transferring legal ownership of a structure and the land on which it is situated, that involves no new land development or new streets or the realignment of existing streets, may be considered a minor subdivision by the governing body. In such instances, provided that all applicable ordinances and criteria established by the municipality are met, the governing body may waive such procedures and requirements of this chapter as the body may deem advisable.