What is the essential purpose of legal descriptions of real property?
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.
What is the legal description of a property quizlet?
legal description. A description of a specific parcel of real estate complete enough for an independent surveyor to locate and identify it. Survey. Details of a property are gathered, boundaries are measured and land areas are determined; position of a house on a lot.
Why is a legal description of property?
A legal description of property is a written statement that describes where a particular plot of land is located. This statement, which is also known as the land description or land boundary description, is a legal requirement and must be included on the deed to the property.
Why is it important that the legal description appears in real estate documents quizlet?
It precisely locates the land, improvements, encroachments, and easements that impact a property. A legal description precisely locates the land, improvements, encroachments, and easements that impact a property.
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.
What is a legal description of a property example?
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).
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 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.
Which of the following is considered the oldest type of legal description?
system of legal description is the oldest type. It relies on a property’s physical features to determine the boundaries and measurements of the parcel. A description is usually based upon a survey and starts at a designated place on the parcel, called the Point of Beginning (POB).
What are the three most common forms of legal descriptions?
There are three common methods used to describe real estate: metes and bounds, government survey, and lot and block.
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?