Property OwnershipIntermediateDelaware Exam

What is a 'monument' in Delaware land surveying?

AA historic building protected by Delaware's preservation laws

BA physical object (iron pin, concrete marker, natural feature) established by a surveyor to mark property corners and boundary linesCorrect

CSimply a prominent natural or man-made feature used only for maritime navigation near Delaware's coastline, as is customary in Delaware

DA government marker indicating the boundary of Delaware's coastal zone

Why A physical object (iron pin, concrete marker, natural feature) established by a surveyor to mark property corners and boundary lines Is Correct

Answer B: A physical object (iron pin, concrete marker, natural feature) established by a surveyor to mark property corners and boundary lines

A monument is a physical marker placed by a licensed surveyor at property corners and along boundary lines. Monuments include iron pins/rods, concrete markers, brass disks, and sometimes natural features (trees, rocks).

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.

Key Property Ownership Terms in This Question

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

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Key Terms to Know

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

Deed of Trust

A security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.

Depreciation

A reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.

Easement

A non-possessory right to use another person's land for a specific purpose.