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Chapter 2 Review (2)

2019.05.04 22:22 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
238 Chapter 2 Review (5) file 2019.05.04 197
237 Chapter 2 Review (4) 2019.05.04 152
236 Chapter 2 Review (3) 2019.05.04 198
» Chapter 2 Review (2) 2019.05.04 204
234 Chapter 2 Review 2019.05.04 169
233 Real Estate Law 6 2019.05.04 190
232 Real Estate Law 5 2019.05.04 150
231 Real Estate Law 4 2019.05.04 362
230 Real Estate Law 3 2019.05.04 223
229 Real Estate Law 2 2019.05.04 617
228 Real Estate Law 1 2019.05.03 194
227 Quiz Law 1 2019.05.03 5952
226 Law 6 2019.05.03 143
225 Law 5 2019.05.03 121
224 Law 4 2019.05.03 151
223 Law 3 2019.05.03 163
222 Law 2 2019.05.03 250
221 Law 1 2019.05.02 173
220 Review Quiz - BOOK 2 2019.04.29 4940
219 Chapter 18 Conclusion 2019.04.29 1041
218 Real Estate Practice - 39 (Understanding-Answers) 2019.04.29 231
217 Real Estate Practice - 38 (Understanding-Answers) 2019.04.29 126
216 Chapter 17 Quiz 2019.04.29 301
215 Chapter Conclusion Chapter 17 2019.04.29 273
214 Real Estate Practice - 37 (Understanding-Answers) 2019.04.29 129
213 Real Estate Practice - 36 (Understanding-Answers) 2019.04.29 147
212 Chapter 16 Quiz 2019.04.29 1179
211 Chapter Conclusion Chapter 16 2019.04.29 231
210 Real Estate Practice - 35 (Understanding-Answers 2019.04.29 116
209 Real Estate Practice - 34 (Understanding-Answers 2019.04.29 115