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Also Known as Legal Description

As you can see, the legal definition of a property is much more complex and descriptive than a property address. It describes the exact borders of the country that are essential for the transfer of ownership and mortgage documents. It allows all parties to understand which properties they legally own and can help avoid property disputes with neighbors. The appropriate method depends on the type of land in question, so the real estate definition should always be written by a lawyer who understands the exact systems and reasoning. As you can see, the legal description of the property is different from the address of the property. While the latter can help locate the property on a map, addresses can change. Therefore, using an address as the primary identifier of the country is not always effective. On the other hand, a real estate definition helps anyone understand the exact boundaries of the property and the amount of land sold. It may seem longer and more complicated, but it is a much more accurate way to define the exact borders of the country, which helps to avoid disputes. Legal descriptions are what we use to describe the country so that it can be transferred from one person to another. It is the written word, while the measure of the limit is the physical position of the treaty on the ground.

Legal description is a term commonly used in real estate transactions. Bankrate explains it. This type of description often includes individual lots, block locations, the location of the official inclusion, and references to the map of the cited platform. Fractional: This type of legal description describes a property by dividing it into sections. A correction line is every 4. The township line – a distance of 24 miles – and the lead meridians that extend from north to south at intervals of 24 miles from the main meridian and are exactly parallel to the main meridian, so the gap in the area bounded by the correction lines and lead meridians – known as government control – can be compared to the actual area bounded by the regular meridians. so that the difference can be compensated by reducing the size of the cantons to the north and west of a quadrant. A professional land surveyor creates legal descriptions of real estate. It also affects how the property is valued and taxed. The tax description is incomplete because it does not specify the exact boundaries of the property. As for the civic address, it is not reliable.

Continued urban development and planning may result in a change in the name or number (or both) of the civic address. Because a bad legal description means you may not get the right property. Monuments: also known as survey markings or geodetic markings; objects placed on the property to mark important surveys on the surface of the land; usually metal bars or pieces of concrete stuck in the ground, although they can sometimes be more unique objects such as alcohol bottles, clay pots, piles of stones, the best place to find a legal description is usually the most recent deed of the property (the deed that transferred the property to the current owner). The legal description is usually included in the main part of the document. Legal descriptions are usually preceded by introductory words, such as “. as described below. This wording indicates that the legal description will begin shortly. The legal description is often double indented or printed in bold to stand out from the rest of the act. For an illustration, see the following examples. The legal description is referenced when searching for title to ensure that there are no charges on the property before the transaction is completed and a title insurance policy is issued. Metes and Bounds is the oldest survey method used for property descriptions. It is often used for irregularly shaped land, often used to describe real estate in rural areas or large tracts of land that are not subdivided into subdivisions.

These definitions are very precise and describe all the dividing lines, lengths and angles. To this end, they rely on terminology such as monuments, landmarks and starting point (POB). The definition starts with the POB and then tells you how far and in which direction the boundaries extend from there until they reconnect. Metes-and-Bounds descriptions were used in the original 13 settlements before the development of the rectangular survey system. A Metes-and-Bounds description uses lengths and angles of boundaries that begin at the starting point (POB). A mete is a dividing line and the boundaries are the area surrounded by the metes – hence its name. Starting with the POB, it describes the length of each boundary and the angle it forms with the previous boundary. This continues to the end point (POE), which is the same as the start point, because all properties must have closed boundaries. The description reflects the rudimentary tools used at the time to measure terrain. You will often see references to trees, rocks, bridges, rivers and other bodies of water. It uses bearings and distances to measure the range of the property described in the legal description and is based on the physical characteristics of its geography, as well as directions and distances. A legal description is the geographic description of real estate that indicates its exact location, boundaries, and any easement for the purposes of a legal transaction, such as a transfer of ownership.

A legal description is kept with the certificate and submitted to the District Clerk or District Tax Assessor. A legal description of ownership is required when ownership of real estate is transferred from one person to another or when property is pledged. Therefore, the legal definition of real estate is usually found in title deeds after the phrase “the particular parcel of land described as follows”. You can also find it in mortgage documents, purchase agreements and other legal land documents.