What document typically outlines property boundaries and easements?

Study for the ASU REA380 Exam 2. Prepare with flashcards and multiple choice questions, each question includes hints and explanations. Get ready for success!

The correct answer is the survey, as it is a specialized document designed to provide a detailed and accurate representation of a property's boundaries and easements. A survey is conducted by a licensed surveyor who measures land and produces a graphical depiction that illustrates not only the exact dimensions of the property but also any easements, rights-of-way, or encroachments that may affect the land. This information is crucial for both buyers and sellers in understanding what is included in a property sale and any potential limitations on the use of the land.

While a title insurance policy provides protection against specific types of risks associated with property ownership, such as title defects or liens, it does not detail the physical boundaries or the specific easements connected to the property itself. A property deed, on the other hand, serves as the legal document that transfers ownership of the property, but it often lacks the precise measurements and graphical details that a survey contains. Finally, a purchase agreement outlines the terms and conditions of the sale but does not typically include information regarding property boundaries or easements, which are better captured in a survey. Thus, the survey is the definitive document for understanding property boundaries and easements.

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