Patrick Miller Miller: “Principals and agents assume the ubiquitous Assessor Parcel Map, APN, is a legal parcel, which it is not.”

SAN DIEGO—Many in the brokerage community don’t fully understand the criteria by which legal parcels are defined in the state as defined by the California Subdivision Map Act of February 1972. This can affect many aspects of commercial real estate transactions and cause much legal confusion. Lee & Associates principal Patrick Miller tells GlobeSt.com why it’s important to understand this definition and what constitutes a legal parcel.

GlobeSt.com: Why is it important to understand how a legal parcel is defined?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lauren Houston

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.