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Title: Chapter 3

Description: Chapter 3 Vocab

Total Flash Cards: 9

Created: 08/26/2006 11:30:16

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Cards

Term
Metes-and-bounds
Definition
A legal description of a parcel of land that begins at a well-known point and follows the boundaries, using directions and distances around the tract, back to the place of beginning
Term
Point of Beginning (POB)
Definition
The place where metes-and-bounds measurements begin.
Term
Calls
Definition
Linear measurements and compass directions used in metes-and-bounds measurement system
Term
Monuments
Definition
fixed objects used to establish real estate boundaries EX: stones, large trees, lakes and stream as well as streets, highways and markers
Term
Reference to a recorded plat (lot-and-block or recorded plat system)
Definition
a system that uses lot and block numbers-referred to as a plat or subdivision-placed in the Registry of Deeds of the county where the land is located.
Term
plat map
Definition
a map of a town, section, or subdivision indicating the location and boundaries of individual properties
Term
topographic survey (topo survey)
Definition
a survey that shows the lay of the land such as where the hills and valleys are
Term
survey
Definition
sets forth the legal description of the property, and a survey sketch which shows the location and dementions of the parcel.
Term
legal description
Definition
an exact way of describing real estate in a contract, a deed, a mortgage, or another document that will be accepted by a court of law.



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