How do I adjust the shape and size of my terrain perimeter to accurately reflect my lot?
The Terrain Perimeter is defined as a closed polyline defining the boundary of the terrain that generates in 3D views and of the contour lines that generate in floor plan view. As such, it can be edited in the same way as any basic closed polyline.
Below is an image with the edit handles you may want to familiarize yourself with before editing your terrain perimeter.

If you're unfamiliar with the functions of these edit handles, select Help> Launch Help, then search for "Editing Closed Polyline-Based Objects".
from the menu. By default in many template styles, a 50' x 100' line square Terrain Perimeter will be created.
tool, select an edge of the Terrain Perimeter that you want to edit.
tool will create a new corner edit handle at the location along an edge where you click.
tool will change the selected segment from a line to an arc or vice versa
Once you have approximated the shape of your lot, you are ready to change its size.
tool, click on the edge of your Terrain Perimeter that you want to adjust, then click on the Open Object
edit tool.