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Chapter 4 Notes

QuestionAnswer
3 basic methods of legal description? metes and bounds, rectangular, lot and block
The primary method of describing property in the original 13 colonies and considered best for describing properties in real estate contracts and deeds in NC. metes-and-bounds descrition
To what do calls refer? each boundry line in a metes-and-bounds system described by cource and direction
How many principal meridians are in the US and which direction do they run? 37, North and South
What are township squares, how are they formed and how much area do they cover? They are 6x6 miles sqare formed by the intersecting of consecutive range and tier lines, and cover an area of 36 square miles.
how many acres are in a township? 23,040
What information is included in a township description? Name or number of the principal meridian for that area, township tier and range strip in which the township is located
How many mile square sections is a township subdivided? 36
Which imaginary lines run parallel to the base line? tiers
Which imaginary lines run parallel to the prime meridian? range
How many acres in a section? 640
On which side of the township are the 1st and 36th sections located? East
What do comma and simicolon mean in the governmental survey system? of and and
How many acres in 1/4 of 1/4 of 1/4 of a 640 acre section? 10
What is required for a plot map to be legally accepted for a property description? The signed, approved subdivision plat must be recorded in the county where the land is located.
What 3 methods of land description are used in NC? lot and block, metes-and-bounds, reference to publicly recorded document
What type of survey includes in addition to the legal description and sketch, the location, size, and shape of buildings located on the lot? physical (mortgage location or identification) survey
What might an underwriter require to make certain no encroachments or title defects will make title unmarketable? up-to-date survey of the collateral property
How wide are ranges and tiers? 6 miles
The base line and township tiers run which direction? East and West
The prime meridian and ranges run which direction? North and South
What is an example of an informal reference and when can it be used as a legal description? So long as they enable a surveyor to precisely locate the parcel of real estate, a street address is sufficient for use in a listing contract or short-term rental agreements.
Created by: REtestprep
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