What Is A Legal Description In Real Estate7 min read
A legal description in real estate is a concise, specific statement of the location of a property. It is used to identify the property in legal documents, such as deeds and mortgages. The legal description may be a simple street address or it may be more complex, including lot numbers, block numbers, and section numbers.
A legal description is not always easy to understand. It is important to work with a real estate attorney to make sure that the legal description is accurate and that it matches the property that is being purchased or sold.
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What is an example of a legal description?
A legal description is a written description of a parcel of land that is used to identify the property for legal purposes. The legal description may include the lot number, block number, section number, and compass point direction of the property. The legal description may also include the name of the owner of the property and the name of the registered agent for the property.
What are the three most common types of legal descriptions?
There are three main types of legal descriptions: metes and bounds, lot and block, and subdivision. Each type of legal description has its own unique set of characteristics that make it suitable for different purposes.
Metes and bounds legal descriptions are the oldest and most traditional type of legal description. They involve a detailed description of the shape and size of a property, using natural features like rivers and hills as landmarks. Because metes and bounds descriptions are so specific, they are often used for large parcels of land that need to be precisely divided up.
Lot and block legal descriptions are used for smaller parcels of land, typically in urban areas. They involve dividing a property into a series of squares or rectangles, with each square or rectangle given a unique number or letter. This type of legal description is easy to use and understand, making it ideal for property that needs to be regularly surveyed or mapped.
Subdivision legal descriptions are used for parcels of land that have been subdivided into smaller pieces. They involve dividing a property into a series of numbered or lettered parcels, with each parcel having its own unique description. This type of legal description is often used for new housing developments or commercial developments.
Why is it important that the legal description appears in real estate documents?
The legal description of a property is important for a number of reasons. Most importantly, it ensures that everyone is clear on what property is being discussed. The legal description can also be used as evidence in legal proceedings if there is a dispute over the property. Additionally, the legal description can be used to calculate property taxes.
A legal description includes a variety of information, including the name of the property owner, the address, the municipality, and the legal description of the property. The legal description is a detailed description of the property that includes the specific boundaries of the property. This information is outlined in a legal document such as a deed or a title report.
If there is a dispute over the property, the legal description can be used as evidence to determine who owns the property. The legal description can also be used in legal proceedings to resolve disputes over the property.
The legal description can also be used to calculate property taxes. The property taxes are based on the value of the property and the legal description is used to determine the value of the property.
The legal description is an important part of any real estate transaction. It ensures that everyone is clear on what property is being discussed and it can be used as evidence in legal proceedings. Additionally, the legal description can be used to calculate property taxes.
What is included in a property description?
When you are looking for a new home, it is important to know what is included in the property description. This will help you to determine if the property is right for you.
Generally, a property description will include details about the property’s features, amenities, and location. It may also include information about the surrounding area, such as schools, grocery stores, and parks.
If you are interested in a property, be sure to ask the seller for a copy of the property description. This will help you to know exactly what you are getting into.
Which is not a legal description?
When it comes to legal descriptions for property, there are many specific terms that are used to identify a particular plot of land. However, there are also a few terms that are not used in legal descriptions. In this article, we will take a look at which of these terms is not a legal description.
One of the most common terms that is not used in legal descriptions is “lot.” Lot is not a legal term because it is not specific enough. A lot can refer to any size or shape of land, which is why it is not used in legal descriptions.
Another term that is not used in legal descriptions is “acre.” An acre is not used because it is not a fixed measurement. Acres can vary in size, depending on the location.
Finally, the term “square foot” is not used in legal descriptions because it is not a specific measurement. A square foot can be any size, which is why it is not used in legal descriptions.
So, which of these terms is not a legal description? The term “lot” is not used in legal descriptions because it is not specific enough.
What is the most common form of property description?
When it comes to describing property, there are a few different options that people can use. Some of the most common forms of property description include:
1. Physical description: This type of description simply focuses on the physical attributes of the property. For example, “This house is white and has three bedrooms.”
2. Legal description: A legal description is a more specific way of describing a property. It includes information such as the property’s address, acreage, and lot number.
3. Street address: When someone refers to a property by its street address, they are providing a physical description of the property.
4. Square footage: A square footage description includes the size of the property in square feet.
5. Tax ID: A tax ID is a unique number assigned to a property by the government. It is used to track property taxes and other information about the property.
Which of these forms of property description is the most common? According to a study by the National Association of Realtors, the most common form of property description is the physical description. This type of description is used in about 60% of all property transactions. The legal description is the second most common form of description, used in about 25% of transactions. The street address is the third most common form of description, used in about 15% of transactions.
What is never included as part of the legal description?
When you are drafting a legal description of a property, there are a few things that are always included. The property’s boundaries, the name of the owner, and the municipality in which it is located are always included. However, there are a few things that are never included in a legal description.
One thing that is never included is the actual address of the property. This is because addresses can change over time, and the legal description needs to be accurate regardless of any changes to the address. Additionally, the legal description never includes information about the condition of the property. This is because the condition of the property is not relevant to its legal description.
Finally, the legal description never includes the dimensions of the property. This is because the dimensions of the property can vary depending on the angle from which they are measured. Instead, the legal description typically includes a description of the property’s features, such as its size, shape, and location.