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Chapter 2 Review (2)

2019.05.04 21:22 Views : 508

Chapter Review

A legal description of real property is one which accurately locates and identifies the boundaries of the subject parcel to a degree acceptable by courts of law in the state where the property is located.

A legal description is required for:

  • Public recording
  • Creating a valid deed of conveyance or lease
  • Completing mortgage documents
  • Executing and recording other legal documents

The Public Land Survey System (PLSS) is the method traditionally used over the largest part of the United States to survey and classify land parcels and is occasionally referred to as the rectangular survey.

The three accepted methods of legally describing parcels of real estate are:

  • Metes and bounds - A metes and bounds description identifies the boundaries of a parcel of real estate using reference points, distances, and angles
  • Rectangular survey system, or government survey method - The federal government developed this method to simplify and standardize property descriptions as a replacement for the cumbersome and often inaccurate metes and bounds method. The system was further modified to facilitate the transfer of large quantities of government-owned western lands to private parties.
  • Lot and block method, or recorded plat method – This system is used to describe properties in residential, commercial, and industrial subdivisions.
No. Subject Date Views
247 Real Estate Law 14 2019.05.05 584
246 Real Estate Law 13 2019.05.05 428
245 Real Estate Law 12 2019.05.05 468
244 Real Estate Law 11 2019.05.05 454
243 Real Estate Law 10 2019.05.05 426
242 Real Estate Law 9 2019.05.05 454
241 Real Estate Law 8 2019.05.05 460
240 Real Estate Law 7 2019.05.05 456
239 Quiz Law 2 2019.05.04 5928
238 Chapter 2 Review (5) file 2019.05.04 468
237 Chapter 2 Review (4) 2019.05.04 454
236 Chapter 2 Review (3) 2019.05.04 458
» Chapter 2 Review (2) 2019.05.04 508
234 Chapter 2 Review 2019.05.04 435
233 Real Estate Law 6 2019.05.04 462
232 Real Estate Law 5 2019.05.04 437
231 Real Estate Law 4 2019.05.04 637
230 Real Estate Law 3 2019.05.04 488
229 Real Estate Law 2 2019.05.04 858
228 Real Estate Law 1 2019.05.03 463
227 Quiz Law 1 2019.05.03 6204
226 Law 6 2019.05.03 428
225 Law 5 2019.05.03 407
224 Law 4 2019.05.03 446
223 Law 3 2019.05.03 454
222 Law 2 2019.05.03 460
221 Law 1 2019.05.02 445
220 Review Quiz - BOOK 2 2019.04.29 5304
219 Chapter 18 Conclusion 2019.04.29 1331
218 Real Estate Practice - 39 (Understanding-Answers) 2019.04.29 499