pt.2

Question 1

Describe the methods of legal description

Answer 1

1) Metes and bounds–linear measurements, directions, and degrees
2) Rectangular survey/government survey–applies to over 30 states, especially in western united states
3) Recorded map (lot, block, subdivision) – urban/residential
4) Informal reference– street addresses are informal references that are not legal descriptions

Question 2

what is a survey

Answer 2

1) Lender may require
2) May reveal encroachments or compliance with setback requirements

Question 3

Types of freehold estates and explain them

Answer 3

1) fee simple absolute lasts forever and features the maximum control of use.
2) fee simple defeasible lasts “so long as” the condition is not broken
3) Life estate lasts for the duration of a person’s life time