Alabama Real Estate Practice Exam

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What method involves using 'point of beginning', compass points, and distances?

Percentage lease method
Lot and Block system
Metes and Bounds system
Absolute net lease measurement

The correct answer is: Metes and Bounds system

The method that involves using 'point of beginning', compass points, and distances is the Metes and Bounds system. This method is used to define the boundaries of a piece of land and is commonly used when the land is irregular in shape. In this method, the land is described by starting at a specific point (point of beginning) and then tracing the boundaries using compass points and specific distances. Option A, the percentage lease method, is a method used in leasing agreements to determine the rent amount based on a percentage of the tenant's gross sales or income. Option B, the Lot and Block system, is a method used in urban areas to define land boundaries based on specific lots and blocks within a larger subdivision. Option D, the Absolute net lease measurement, is a lease agreement where the tenant is responsible for all costs associated with the property, including taxes, insurance, and maintenance. None