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.
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