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부동산

Chapter 2 Review (2)

2019.05.04 21:22 Views : 204

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 2356
Notice 부동산 용어 (A to Z) 2019.03.03 1591
231 Chapter Conclusion Chapter 16 2019.04.29 231
230 Chapter 16 Quiz 2019.04.29 1179
229 Real Estate Practice - 36 (Understanding-Answers) 2019.04.29 143
228 Real Estate Practice - 37 (Understanding-Answers) 2019.04.29 129
227 Chapter Conclusion Chapter 17 2019.04.29 270
226 Chapter 17 Quiz 2019.04.29 298
225 Real Estate Practice - 38 (Understanding-Answers) 2019.04.29 126
224 Real Estate Practice - 39 (Understanding-Answers) 2019.04.29 231
223 Chapter 18 Conclusion 2019.04.29 1041
222 Review Quiz - BOOK 2 2019.04.29 4822
221 Law 1 2019.05.02 169
220 Law 2 2019.05.03 247
219 Law 3 2019.05.03 162
218 Law 4 2019.05.03 151
217 Law 5 2019.05.03 121
216 Law 6 2019.05.03 143
215 Quiz Law 1 2019.05.03 5952
214 Real Estate Law 1 2019.05.03 193
213 Real Estate Law 2 2019.05.04 615
212 Real Estate Law 3 2019.05.04 223
211 Real Estate Law 4 2019.05.04 362
210 Real Estate Law 5 2019.05.04 150
209 Real Estate Law 6 2019.05.04 188
208 Chapter 2 Review 2019.05.04 166
» Chapter 2 Review (2) 2019.05.04 204
206 Chapter 2 Review (3) 2019.05.04 198
205 Chapter 2 Review (4) 2019.05.04 151
204 Chapter 2 Review (5) file 2019.05.04 197
203 Quiz Law 2 2019.05.04 5696
202 Real Estate Law 7 2019.05.05 152