Buy or sell property

What is a legal description of real property?

The legal description pinpoints the location of a given property within its particular township, range, and section. For example, each township is six square miles, or 23,040 acres, and contains 36 square sections, which are each intended to be one square mile (or 640 acres).

How do you describe real property?

Real property is defined as any property that is attached to, or affixed to land, including the land itself. Each piece of real property can be very different from the next. … In a legal description, the real property should be described using set boundaries rather than natural landmarks, which can change over time.

What does legal description mean in real estate?

See also  Is it cheaper to sell on Redfin?

A legal description is the geographical description of real estate that identifies its precise location, boundaries and any easements for the purpose of a legal transaction, such as a transfer of ownership. A legal description is kept with the deed and filed with the county clerk or county tax assessor.

How do I find the legal description of a property?

You can find the legal description of property in the current deed, which should be on file at the county clerk’s or recorder of deeds’ office. This entity is also sometimes referred to as the registrar. You can also find it in the sales contract.

How do I write a legal land description?

When you write a legal description, you can start with the Township and Range or you can start with the section description. Which ever way you start, when you are writing the description of the section, always start with the smallest piece of land first and graduating to the largest piece.

What is the most common form of property description?

Fractional Designation: The most common form seen. A fractional designation uses rectangular surveying to correctly describe the land in sections. Metes and Bounds: This form of description uses references, such as streets and rivers to identify each point of the property (north, south, east, and west).

What are examples of real property?

Real property is land and other assets that are permanently attached to the land. These other assets must be permanently placed on or under the land. Examples of real property are buildings, canals, crops, fences, land, landscaping, machinery, minerals, ponds, railroad tracks, and roads.

See also  Sims 4 how do i build in a rental property on vacation?

Which of the following is a legal description of land?

The three methods used to legally describe land are: a. recorded plat, us government survey, and street address. … If there is a discrepancy between an original survey and a new survey or between a survey and the legal description which party must pay the cost of the survey and the cost to remedy the discrepancy?

What are the types of real property?

There are five main categories of real estate: residential, commercial, industrial, raw land, and special use.

What is a datum in a legal description?

What is a datum in a legal description? A code indicating the date and time that a survey is recorded. An area measurement included in a plat survey.

What type of legal description uses monuments?

A metes and bounds legal description starts from a point of beginning, then traces the outline of the property’s boundary lines until there is closure in the legal description. Natural monuments and artificial monuments can both be used as metes and bounds. For example, rivers, roads, trees, etc.

What are the types of legal descriptions?

There are two primary types of legal descriptions: Lot and block descriptions, which are most often associated with subdivisions; and metes and bounds descriptions, which are used for non-subdivision property. Some legal descriptions contain both lot and block and metes and bounds descriptions.

Who is responsible for providing the legal description of the property?

Licensed surveyors are usually responsible for this. The legal description for your property is written on the deed to your property. If you need or want to interpret another legal description, you need to first locate your town plat, which you can find at your county recorder’s office.

See also  Do you have to disclose asbestos when selling a house Ontario?

What is lot and block description?

Also known as the recorded plat survey system or recorded map survey system. A method used to describe and identify the location of a parcel of land. Once recorded in the public county records, the plat map becomes the legal description of all the lots in the subdivision. …

Which of the following is an accepted method of legal description?

The three accepted methods of legally describing parcels of real estate are: > metes and bounds. > rectangular survey system, or government survey method.

Back to top button

Adblock Detected

Please disable your ad blocker to be able to view the page content. For an independent site with free content, it's literally a matter of life and death to have ads. Thank you for your understanding! Thanks