Describe Real Estate Flashcards
Clearly defining property rights and property boundaries are addressed by a
Land Survey
City, state and zipcode of property
Street Address
Area, dimensions and description used to detail the location of a property and its boundaries
Legal Description
professional, on-site measurement of the lot lines and dimensions of a property
Survey
A survey includes improvements (such as a house) on the property or any encroachments
True
Three of the most common legal description systems
Lot and block
Metes and bounds
Rectangular government survey system
Uses monuments, compass headings and directions
Metes and bounds
Mainly used in urban and suburban areas
Lot and block
Divides land into six-mile-square townships that can be further divided
Rectangular government survey
A permanent physical marker that is either man-made or natural
Monument
These are frequently used in Metes and bounds
Direction and distance of a line forming the boundary of a property.
Metes
Physical features that define the boundaries of the land
Bounds
Where the survey begins and from this point you follow the legal description information to uncover property boundaries.
Point Of Beginning
Either a rectangular or metes and bounds description is referenced.
Lot and Block Process
First step
The land is divided into lots with numerical designations of the parcel
Lot and Block Process
Second step
The starting point for a lot and block survey
Either a metes and bounds or a rectangular survey description