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Property Ownership-2
Property Ownership
Question | Answer |
---|---|
Lot, Block and Subdivision | A legal description of land based on a recoreded map of a subdivision called a plat |
Monuments | Permanent surveyor markers-natural or manmade |
Rectangular Survey System | A legal description of land using base lines, meridians, townships, sections, and ranges-also called the Governemnt Survey system |
Governemnt Survey System | A legal description of land using base lines, meridians, townships, sections and ranges,-also called the Rectangular Survey System |
Township | Part of the Government Survey System consisting of 36 sections |
Section | Part of the Governemnt Survey System consisting of 640 acres or one square mile |
Acre | A measure of land-43560 square feet |
Plat | A map of a town, section or subdivision |
Plot | A map of a single property site, also called a lot or a parcel |
Lot | A single piece of proeprty, also called a plot or parcel |
Parcel | A single piece of property, also called or a lot |
Onsite construction | Improvements constructed or built on the land-not prefabricated |
Offsite construction | Improvements constructed or built in a controlled environment and then transported to the land and installed on the land-prefabricated, manufactured or modular buildings |
Encumbrance | A limitation on the rights of a property owner |
Cloud on the title | An encumbrance that causes doubt as to the validity of title and can prevent sale or transfer of title |