One of the ways by which the urban plans can provide their full practical realization, is the application of the procedure of urban reparcelling (reallocation, readjustment, reallotment etc). It represents an instrument for solving the problems that occur during production and realization of urban plans, which by their nature are documents of technical, legal, and economic significance. Because of the fact that these problems have not been treated in the frames of Macedonian legal regulations, in this article, in general terms, an effort has been made to describe the way in which a procedure of urban reparcelling can be applied and carried out, using experiences of some other countries where it represents a legal instrument for realization of urban settlements.