Government Rectangular Survey
Definition of "Government rectangular survey"
Way in which the U.S. government uses to subdivide public land. Land is designated as either a base line (East-West) or principal meridian line (North-South). It is a rectangular approach to surveying the land breaking the district down to quadrangles of 24 miles. Ranges exist every 6 miles East and West of each meridian. This system is used predominately in the West.
Popular Real Estate Terms
Expected market value of property if sold today. ...
Some plausible, but not completely clear-cut indication of ownership rights. It supplements a claim to title to property, but does not actually establish it. ...
A bilateral contract is a pretty straightforward term. No horseplay there. It’s a legal agreement between two individuals who both agree to do (or not to do) a specific act. The ...
A graduated payment mortgage (GMP) developed to overcome the negative amortization aspects of the GMP. The key to the FLIP mortgage is the use of the buyer's down payment. Instead of being ...
Used to support two properties; it is attached to both. ...
Law of the state establishing guidelines and requirements for constructing buildings. The standard may differ between the states. ...
A type of real estate investment trust (REIT) that does not own property but gives short-term financing for construction loans or for permanent mortgage loans for major projects. ...
(1) Written statement by a responsible individual or entity of the correctness and reliability of something. (2) Written permission to do something, such as receiving a real estate ...
You may have heard the term codicil in a conversation but might have yet to understand it entirely. What’s the codicil definition? “Codicil meaning” refers to a supplement ...
Have a question or comment?
We're here to help.