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Accounting /Real Estate Land Description

Real Estate Land Description

Accounting29 CardsCreated 2 months ago

This deck covers key concepts and terminology related to the description and surveying of real estate, including various systems and methods used to define property boundaries.

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Surveying the land does the following:

Will clearly define the property and its boundaries and will reveal any potential issues related to those boundaries.
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Key Terms

Term
Definition
Surveying the land does the following:
Will clearly define the property and its boundaries and will reveal any potential issues related to those boundaries.
A description of the land that specifies the boundaries and location of a piece of real property
Legal Description
A professional on-site measurement of the lot lines and dimensions of a property, including the location of any improvements (such as a house) on the lot, any encroachments that may exist, and any easements of public record.
Survey
What are the Three Methods of Land Description
Metes and bounds, lot and block and rectangular survey system.
This system uses monuments, compass headings, and directions.
Metes and bounds
This system takes large parcel of land is surveyed and then divided into smaller parcels. Each smaller parcel is identified by a letter or number. Blocks are groups of contiguous parcels bordered by streets and are numbered as well (think city block).
Lot and Block
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Real Estate Land Description
TermDefinition
Surveying the land does the following:
Will clearly define the property and its boundaries and will reveal any potential issues related to those boundaries.
A description of the land that specifies the boundaries and location of a piece of real property
Legal Description
A professional on-site measurement of the lot lines and dimensions of a property, including the location of any improvements (such as a house) on the lot, any encroachments that may exist, and any easements of public record.
Survey
What are the Three Methods of Land Description
Metes and bounds, lot and block and rectangular survey system.
This system uses monuments, compass headings, and directions.
Metes and bounds
This system takes large parcel of land is surveyed and then divided into smaller parcels. Each smaller parcel is identified by a letter or number. Blocks are groups of contiguous parcels bordered by streets and are numbered as well (think city block).
Lot and Block
This system divides surveyed land into six-mile-square townships, which are further divided. This system isn’t used in the original 13 colonies or in Texas, West Virginia, or Kentucky.
Rectangular Survey System
Which land description system provides plat references
Lot and Block
A permanent physical marker that is either man-made or natural
Monuments
The direction and distance of a line forming the boundary of the property
Metes
The physical features that define the boundaries of the land
Bounds
Beginning at a stake and stones about 30 feet from the center of the brook that runs across the road south westerly from the dwelling house of the late Jebediah Smith now occupied by the widow Callie Thornton and in the west line of the highway leading by the dwelling house now occupied by the widow Callie Thornton …
Metes and Bounds
Lot 6 of Block 3 of the East Subdivision plat as recorded in Map Book 18, Page 11 at the Recorder of Deeds
Lot and Block
First step for Lot and Block
Either a metes and bounds or a rectangular survey description is always the starting point.
This Rectangular Survey System is also known as ___
The Public Land Survey System (PLSS)
A series of surveys that divide land into townships that are six miles by six miles square (for a total area of 36 square miles or 23,040 acres).
PLSS or Rectangular Survey System
Consists of 36 one-square-mile sections
Townships
The north-south line that runs through the initial point
Principal Meridian
An east-west line from which all measurements originate
Base line
The east-west lines of a survey
Townships Lines
The north-south lines of a survey
Range Lines
Consists of 640 acres
Section
North-south lines that do not run through the initial point
Range Lines
East-west lines that do not run through the initial point
Townships Lines
the location, size and shape of any improvements on the property
spot survey
shows the location and dimensions of the property
Survey Sketch
The first step in the land survey process
Research historical records
The point from which the elevations are measured
Datum
References to mark datum points
Benchmarks