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Chapter 2 Review (2)

2019.05.04 22:22 Views : 1097

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
250 Real Estate Law 15 2019.05.06 1136
249 Quiz 3 2019.05.05 8837
248 Chapter 3 Summary 2019.05.05 1072
247 Real Estate Law 14 2019.05.05 1166
246 Real Estate Law 13 2019.05.05 1129
245 Real Estate Law 12 2019.05.05 1057
244 Real Estate Law 11 2019.05.05 1038
243 Real Estate Law 10 2019.05.05 1012
242 Real Estate Law 9 2019.05.05 1087
241 Real Estate Law 8 2019.05.05 1081
240 Real Estate Law 7 2019.05.05 1107
239 Quiz Law 2 2019.05.04 6343
238 Chapter 2 Review (5) file 2019.05.04 1071
237 Chapter 2 Review (4) 2019.05.04 1053
236 Chapter 2 Review (3) 2019.05.04 1082
» Chapter 2 Review (2) 2019.05.04 1097
234 Chapter 2 Review 2019.05.04 988
233 Real Estate Law 6 2019.05.04 1075
232 Real Estate Law 5 2019.05.04 976
231 Real Estate Law 4 2019.05.04 1193
230 Real Estate Law 3 2019.05.04 1079
229 Real Estate Law 2 2019.05.04 1298
228 Real Estate Law 1 2019.05.03 1041
227 Quiz Law 1 2019.05.03 6661
226 Law 6 2019.05.03 988
225 Law 5 2019.05.03 943
224 Law 4 2019.05.03 1017
223 Law 3 2019.05.03 1042
222 Law 2 2019.05.03 1083
221 Law 1 2019.05.02 992