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Chapter 2 Review (2)

2019.05.04 21:22 Views : 210

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
242 Real Estate Law 9 2019.05.05 146
241 Real Estate Law 8 2019.05.05 155
240 Real Estate Law 7 2019.05.05 162
239 Quiz Law 2 2019.05.04 5706
238 Chapter 2 Review (5) file 2019.05.04 214
237 Chapter 2 Review (4) 2019.05.04 158
236 Chapter 2 Review (3) 2019.05.04 203
» Chapter 2 Review (2) 2019.05.04 210
234 Chapter 2 Review 2019.05.04 174
233 Real Estate Law 6 2019.05.04 194
232 Real Estate Law 5 2019.05.04 163
231 Real Estate Law 4 2019.05.04 368
230 Real Estate Law 3 2019.05.04 230
229 Real Estate Law 2 2019.05.04 623
228 Real Estate Law 1 2019.05.03 204
227 Quiz Law 1 2019.05.03 5957
226 Law 6 2019.05.03 148
225 Law 5 2019.05.03 132
224 Law 4 2019.05.03 158
223 Law 3 2019.05.03 165
222 Law 2 2019.05.03 253
221 Law 1 2019.05.02 181
220 Review Quiz - BOOK 2 2019.04.29 4997
219 Chapter 18 Conclusion 2019.04.29 1085
218 Real Estate Practice - 39 (Understanding-Answers) 2019.04.29 235
217 Real Estate Practice - 38 (Understanding-Answers) 2019.04.29 139
216 Chapter 17 Quiz 2019.04.29 313
215 Chapter Conclusion Chapter 17 2019.04.29 281
214 Real Estate Practice - 37 (Understanding-Answers) 2019.04.29 140
213 Real Estate Practice - 36 (Understanding-Answers) 2019.04.29 152