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부동산

Chapter 2 Review (2)

2019.05.04 21:22 Views : 163

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 2075
Notice 부동산 용어 (A to Z) 2019.03.03 1321
171 Chapter 3 Summary 2019.05.05 153
170 Real Estate Law 62 2019.05.12 153
169 Quitclaim Deed 2019.05.27 154
168 Estimated Value - 8885 2021.08.31 155
167 Secured Property Taxes file 2021.10.17 156
166 Prohibited Acts 2023.07.06 156
165 Real Estate Law 6 2019.05.04 158
164 96003 2019.05.29 158
163 Department of Real Estate - Commissioner 2019.06.01 159
162 1031 file 2022.01.04 159
161 Chapter 9 Quiz 2019.04.15 161
160 Chapter 2 Review (3) 2019.05.04 161
159 Real Estate Law 1 2019.05.03 163
» Chapter 2 Review (2) 2019.05.04 163
157 Chapter 2 Review (5) file 2019.05.04 166
156 Chapter 10 Quiz 2019.04.16 167
155 A promissory note 2019.05.27 167
154 12555 Euclid Street #31 Garden Grove, CA 92840 2017.07.09 168
153 3 2017.07.19 168
152 Chapter 12 Conclusion 2019.04.26 169
151 Real Estate Law 29 2019.05.07 170
150 Open-End Mortgage 2019.06.05 171
149 If a contract for sale provides that the owner is selling his home in an "as-is" condition, then 2019.05.27 172
148 Chapter 18 Conclusion 2019.03.23 174
147 (new) Anaheim, CA 92804 2017.06.20 176
146 Chapter 7 Quiz 2019.04.14 176
145 discriminate 2019.05.22 177
144 Chapter 1 Quiz 2019.04.11 178
143 route file 2021.09.01 178
142 Passive fraud 2019.05.31 179