chapter one

Question 1

Legal Description

Answer 1

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

Question 2

parcel

Answer 2

A portion of land delineated by boundaries

Question 3

Metes and bounds

Answer 3

a system which uses physical features of the local geography, along with directions and distances, to define and describe the boundaries of a parcel of land

Question 4

Boundary Survey

Answer 4

locates and verifies all property corners and boundaries

Question 5

right to encumber

Answer 5

the right to mortgage the property as collateral for debt.

Question 6

littoral vs riparian

Answer 6

littoral concerns non-moving water while riparian concerns moving water streams

Question 7

rule of capture

Answer 7

law allows oil or gas to be removed from wells on the surface of the owner’s land even if the oil or gas came from under a neighbor’s property.

Question 8

severance

Answer 8

the conversion of real property to personal property by detaching it from the real estate