Property Ownership
In Minnesota, the Public Land Survey System (PLSS) divides land into townships and sections. A township is identified by:
AIts county and city designation
BIts range (east-west position) and township number (north-south position) from a principal meridian and baseline✓ Correct
CGPS coordinates of the center point
DThe name of the original land grant recipient
Explanation
The PLSS used in Minnesota divides land using principal meridians and baselines. Townships are identified by their township number (distance north or south from the baseline) and range number (distance east or west of the principal meridian).
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Key Terms to Know
Debt-to-Income Ratio (DTI)
A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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