In which type of property measurement system do lots actually exist on a recorded layout?

The correct answer, Lots and Blocks, pertains to a system used in real estate where specific parcels of land, known as lots, are identified on a recorded map or plat. This system is commonly utilized in urban and suburban developments, where land is divided into smaller plots for residential, commercial, or industrial use. Each lot is assigned a unique designation within a larger block, making it easier to reference and convey individual properties. This method relies on clear, identifiable layouts that are officially recorded, thus enabling accurate tracking and ownership of each lot.

In contrast, other systems like Metes and Bounds are based on physical land features and measurements rather than a recorded graphical representation. Verbal Descriptions provide a written account of the property boundaries but lack precise mapping. Degrees and Minutes refer to angular measurements and are used primarily in surveying, not in establishing property boundaries. Understanding the advantages of the Lots and Blocks system is crucial for professionals in real estate, as it simplifies the identification and conveyance of properties in a clear and organized manner.