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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.
No. Subject Date Views
Notice 부동산 용어사전 2019.04.15 2083
Notice 부동산 용어 (A to Z) 2019.03.03 1335
231 Chapter Conclusion Chapter 16 2019.04.29 199
230 Chapter 16 Quiz 2019.04.29 1147
229 Real Estate Practice - 36 (Understanding-Answers) 2019.04.29 119
228 Real Estate Practice - 37 (Understanding-Answers) 2019.04.29 98
227 Chapter Conclusion Chapter 17 2019.04.29 237
226 Chapter 17 Quiz 2019.04.29 266
225 Real Estate Practice - 38 (Understanding-Answers) 2019.04.29 102
224 Real Estate Practice - 39 (Understanding-Answers) 2019.04.29 207
223 Chapter 18 Conclusion 2019.04.29 1011
222 Review Quiz - BOOK 2 2019.04.29 4749
221 Law 1 2019.05.02 144
220 Law 2 2019.05.03 209
219 Law 3 2019.05.03 134
218 Law 4 2019.05.03 123
217 Law 5 2019.05.03 91
216 Law 6 2019.05.03 118
215 Quiz Law 1 2019.05.03 5932
214 Real Estate Law 1 2019.05.03 169
213 Real Estate Law 2 2019.05.04 582
212 Real Estate Law 3 2019.05.04 186
211 Real Estate Law 4 2019.05.04 328
210 Real Estate Law 5 2019.05.04 126
209 Real Estate Law 6 2019.05.04 161
208 Chapter 2 Review 2019.05.04 141
» Chapter 2 Review (2) 2019.05.04 164
206 Chapter 2 Review (3) 2019.05.04 163
205 Chapter 2 Review (4) 2019.05.04 132
204 Chapter 2 Review (5) file 2019.05.04 168
203 Quiz Law 2 2019.05.04 5673
202 Real Estate Law 7 2019.05.05 128