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Transfer Of TitleLegal DescriptionsMEDIUM

AK legal descriptions may use:

Correct Answer

B) US Survey, metes and bounds, and lot and block depending on location

Alaska uses various systems: US Survey lots (unique to AK), metes and bounds for unsurveyed areas, and lot/block for subdivisions.

Answer Options
A
Only lot/block
B
US Survey, metes and bounds, and lot and block depending on location
C
GPS only
D
Street addresses

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Deep Analysis of This Transfer Of Title Question

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Background Knowledge for Transfer Of Title

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Related Topics & Key Terms

Related Topics:

US-Survey-lotsAK-unique

Key Terms:

US SurveyAK uniquelegal description

Related Concepts

A title search is an examination of public records to determine the history of ownership, liens, encumbrances, and other interests affecting a property. It verifies that the seller has the legal right to transfer the property.

A transfer tax is a tax imposed by state, county, or local government on the transfer of real property from one owner to another. It is typically based on the sale price or a flat rate per dollar of consideration.

An abstract of title is a condensed history of all recorded documents and proceedings that affect the title to a specific parcel of real property. It is a summary, not a guarantee, of title condition.

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