Property Ownership
In Massachusetts, a 'monument' in a metes and bounds description is:
AA historical landmark
BA physical or natural object (iron pin, stone wall, road, stream) used to mark a boundary point or line✓ Correct
CA deed restriction protecting historical properties
DA survey instrument
Explanation
A monument is a physical or natural object used to mark a boundary point in a metes and bounds description. Examples include iron pins, granite bounds, stone walls, trees, and roads.
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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 TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
EasementA non-possessory right to use another person's land for a specific purpose.
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