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부동산

Chapter 2 Review (2)

2019.05.04 21:22 Views : 164

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.
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171 Chapter 15 Quiz 2019.04.29 158
170 Real Estate Law 62 2019.05.12 159
169 Secured Property Taxes file 2021.10.17 159
168 96003 2019.05.29 160
167 Real Estate Law 6 2019.05.04 161
166 Department of Real Estate - Commissioner 2019.06.01 161
165 1031 file 2022.01.04 162
164 Chapter 9 Quiz 2019.04.15 163
163 Chapter 2 Review (3) 2019.05.04 163
» Chapter 2 Review (2) 2019.05.04 164
161 Sales of real property by a foreign person 2023.07.04 164
160 Chapter 10 Quiz 2019.04.16 168
159 Chapter 2 Review (5) file 2019.05.04 168
158 Real Estate Law 1 2019.05.03 169
157 A promissory note 2019.05.27 169
156 12555 Euclid Street #31 Garden Grove, CA 92840 2017.07.09 170
155 Chapter 12 Conclusion 2019.04.26 171
154 prohibit discrimination 2023.07.06 171
153 Real Estate Law 29 2019.05.07 173
152 If a contract for sale provides that the owner is selling his home in an "as-is" condition, then 2019.05.27 173
151 Open-End Mortgage 2019.06.05 173
150 3 2017.07.19 174
149 Chapter 7 Quiz 2019.04.14 177
148 (new) Anaheim, CA 92804 2017.06.20 179
147 Chapter 18 Conclusion 2019.03.23 179
146 discriminate 2019.05.22 179
145 Passive fraud 2019.05.31 180
144 route file 2021.09.01 180
143 Chapter 1 Quiz 2019.04.11 181
142 Real Estate Law 104 2019.05.17 181