Level 4 Chapter 1: Basic Legal Description Methods Flashcards
(4 cards)
1
Q
Legal Description
A
Description of a property that is distinct and precise enough to distinguish it from all other properties. These descriptions can be used by courts to clarify any disputes about the property that may arise.
That means that a sales contract must contain a legal property description that uniquely identifies the property involved in the transaction.
2
Q
Survey
A
The process and physical product of finding and measuring the boundaries of a piece of real estate, including the location of improvements, encroachments, and easements. (Improvements are permanent, human-made additions to the property.)
3
Q
3 Types of Determining Property Boundaries
A
- Metes and bounds
- Lot and block
- Rectangular survey system
4
Q
A