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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
241 Real Estate Law 8 2019.05.05 153
240 Real Estate Law 7 2019.05.05 160
239 Quiz Law 2 2019.05.04 5703
238 Chapter 2 Review (5) file 2019.05.04 214
237 Chapter 2 Review (4) 2019.05.04 157
236 Chapter 2 Review (3) 2019.05.04 202
» 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 2019.05.04 156
231 Real Estate Law 4 2019.05.04 365
230 Real Estate Law 3 2019.05.04 228
229 Real Estate Law 2 2019.05.04 622
228 Real Estate Law 1 2019.05.03 200
227 Quiz Law 1 2019.05.03 5957
226 Law 6 2019.05.03 148
225 Law 5 2019.05.03 128
224 Law 4 2019.05.03 157
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 4994
219 Chapter 18 Conclusion 2019.04.29 1052
218 Real Estate Practice - 39 (Understanding-Answers) 2019.04.29 235
217 Real Estate Practice - 38 (Understanding-Answers) 2019.04.29 131
216 Chapter 17 Quiz 2019.04.29 311
215 Chapter Conclusion Chapter 17 2019.04.29 281
214 Real Estate Practice - 37 (Understanding-Answers) 2019.04.29 132
213 Real Estate Practice - 36 (Understanding-Answers) 2019.04.29 152
212 Chapter 16 Quiz 2019.04.29 1185