What is the principal purpose underlying legal descriptions of real property? to create a consistent unchanging standard for locating property. What is a distinctive feature of the metes and bounds system? they identify an enclosed area, beginning and ending at the same point.
- 1 What is the intent for legal descriptions of real property quizlet?
- 2 What is the purpose of a legal description?
- 3 Why is it important that the legal description appears in real estate documents?
- 4 Why is it important to have an accurate legal description of the property in the purchase and sale agreement?
- 5 Which is the most common form of co ownership?
- 6 What is the general criterion for a legal description of the property?
- 7 What is the most common form of property description?
- 8 What are the three most common types of legal descriptions?
- 9 What is a real property description?
- 10 How do I write a legal land description?
- 11 How do you read a property description?
- 12 What is a datum in a legal description?
- 13 Which type of agency Cannot be revoked by the principal?
- 14 Is a survey legally binding?
- 15 Which of the following is an accepted method of legal description?
What is the intent for legal descriptions of real property quizlet?
The purpose of the legal description is to identify a parcel of property clearly and in a standard way. It is a method of describing the location of real estate that will be accepted by a court.
What is the purpose of a legal description?
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.
Why is it important that the legal description appears in real estate documents?
The legal description of property is short, to the point, and one of the most important pieces of documentation that exists in real estate record keeping. Its purpose is to provide evidence of exactly the location and boundaries of a parcel of property.
Why is it important to have an accurate legal description of the property in the purchase and sale agreement?
A legal description provides legal evidence of the boundaries and allows a surveyor to accurately determine property lines at a later time. This is incredibly useful and necessary during real estate transactions or disputes. The description will typically appear on sales contracts and the property deed.
Which is the most common form of co ownership?
Tenancy in common is the default form of co-ownership in most states. A deed to two or more persons is presumed to create a tenancy in common unless the deed specifies otherwise.
What is the general criterion for a legal description of the property?
The general criterion for a legal description is that it alone provides sufficient data for a surveyor to locate the parcel. A legal description identifies the property as unique and distinct from all other properties.
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 the three most common types of legal descriptions?
There are three common methods used to describe real estate: metes and bounds, government survey, and lot and block.
What is a real property description?
The term ‘property’ is used in common and some legal parlance to describe types of property that is both real and personal. ‘Real’ property encompasses interests in land and fixtures or structures upon the land. ‘Personal’ property encompasses tangible or ‘corporeal’ things—chattels or goods.
How do I write a legal land description?
The legal description of land follows a set sequence of quarter section, township, range, and meridian: the designation NW 27-9-25 W2, for instance, means the Northwest Quarter of Section 27 in Township 9 Range 25 West of the Second Meridian.
How do you read a property description?
The more common method used in land surveys and property descriptions uses quadrants. The quadrants are northeast, southeast, southwest and northwest. For an example of N25°E, face north, then turn 25 degrees to the east and go that direction. If your bearing is S40°W, face south and turn 40 degrees to the west.
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.
Which type of agency Cannot be revoked by the principal?
If the agency is coupled with an interest, the agency usually cannot be revoked by the principal before the expiration of the interest and is not terminated by the death or insanity of either the principal or the agent.
Is a survey legally binding?
A professional land surveyor is an expert in defining property lines. … During the property survey, a land surveyor will compare historical records and data with any existing markers to accurately define your property lines – and their findings are legally binding.
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.