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Property Ownership-2

Property Ownership

QuestionAnswer
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
Created by: Shirilyn
Popular Real Estate sets

 

 



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