This legal description safeguards you in the event that there are any legal disputes that occur from a tenant or after a property is sold. A legal description of a property is a comprehensive listing of the propertys boundaries. A legal description of property identifies the particular parameters of a piece of a property and is a critical component of sales contracts, deeds, and mortgages.
In fact, they sometimes don't even match. These are typically older or used in rural areas. Number one is called a metes and bounds description, which gives a physical description of the property. A legal description of property is a way to define or accurately pinpoint where a particular piece of property is located. What Does Legal Description of Property Mean? This is a unique identifier thats usually fairly short, often just a couple paragraphs long. This document can help homeowners settle property disputes and close property sales. Ths description acts as a legal binding to confirm the identity of the land that a person is interested in buying.
Some legal descriptions state the metes and bounds, directions and measurements from a The legal description of a property is a crucial set of information for every real estate transaction. In fact, they sometimes don't even match.
A legal description of property is a unique identifier, usually a paragraph or two that will contain information that describes your property. A street address also identifies a physical location but not in the same way that a legal description defines it. The Beneficial Ownership document allows Yapstone to identify who controls a legal entity, removing the anonymity surrounding the ownership of properties. You can download a Beneficial Ownership document to complete by clicking here. This legal description must have enough detailed information that the land could be located and identified based on the descriptors in the legal description. A legal description is a description of real estate that is sufficient to identify it for legal purposes. These descriptions are created through a survey using phrases, compass directions and numbers to let landowners know what real estate they own. It is used in mortgages, sales contracts, and deeds.
For the most reliable information, look for the legal description within the most recent property deed on file. The legal description of a property is a real estate document that identifies the location of a particular parcel of land. Often it will include land features, the total acreage of the property, and what there is on the property.
A street address also identifies a physical location but not in the same way that a legal description defines it. To put it simply, a propertys legal description is the definition of the real estate being bought and sold. A legal description of property is a way to define or accurately pinpoint where a particular piece of property is located. You may be able to find the description in a recent sales contract for the property, but the best way is to look for it at the county clerks or recorder of deeds office.
On this page you will find information on how to get:current titlehistorical titledocument copiesplan copies What is the legal description of a property? A legal description is a description of real property by a government survey, a metes and bounds survey, or by lot numbers of a recorded plat. The description must be complete enough that a parcel of land can be located and identified based on what is written.
There are several legal ways of giving a property description.
This legal definition specifies where the property starts and finishes, and its what everyone refers to when a house is for sale or if there are any questions about the propertys boundaries. A legal description of real property may be used in legal documents to describe, locate, and identify a plot of land or a building that is being transferred or sold. The legal description for a house, cabin or other type of property is used to specifically identity where the property is located and its exact size and boundaries.
An address is what our property is commonly called and is established by the post office, however, it is not a legal description.
This is also known as the county assessors office. How is the legal description of property defined? Townships in Property Descriptions. In fact, they sometimes don't even match.
Obtain your correction deed form. A legal property description is a way of identifying property to ensure complete and legal accuracy. A legal description is a written recorded document defining the boundaries of a property. LEGAL DESCRIPTION OF PROPERTY. It describes the parameters of the parcel, including lot numbers, parallels, meridians, total acreage and land features.
It's a method of describing a parcel of real property that is recognized by law, including the lot and block (recorded plat) method, the government survey method (also called the township/range method or rectangular survey method), or the metes and bounds method. The legal description of property is a document that describes in meticulous detail where the property boundaries lie. The legal description may have a border around A legal description of property is a short document approximately five sentences long that describes a piece of real estate. Answer (1 of 8): What's a legal description of a property?
The definition of a legal description of property is basically a document which outlines everything important about a property: its identity, ownership, sale, lease, location, price etc. Step 2. The legal description of property gets created and recorded, often with a county tax assessor or county clerk, to identify a piece of property.
The legal description includes the property's boundary locations, the name of the parcel, the state and county where the property is located, Contrary to popular opinion, a street address is not part of a legal description. The "APN" is the Tax Assessor's Number. In real estate transactions, a propertys legal description is a crucial document. These legal descriptions identify property so that it may be conveyed, assessed, and taxed. The Deputy Head of Legal will have local government experience and knowledge of the areas of law involved in the post. What exactly is a legal property description? The legal description of property, also known as the legal description of real estate, is one of these crucial documents. A legal description of property is a way to define or accurately pinpoint where a particular piece of property is located. The legal description will also be written out in Texas property tax documents located at the real property appraisal or tax assessors site.
Sample 1. The legal description of the property is the description that can be found on your deed to your property.
This goes back to a land survey plan developed by the federal government in 1785. In other words, property in LA County and elsewhere often has: (1) legal description, which be its lot and tract number of there is a record subdivision or tract map or the metes and bound description, if the property was not subdivided; (2) APN for property tax purposes; and (3) street address. A metes and bounds describes the boundaries of a property using a system that relies on physical features of the land and geography, such as roads, water features, and prominent landmarks and buildings. The gold standard in drafting a contract is to use a complete legal description of the property to be conveyed matching some or all of the property owned by the seller.
The technical definition of a legal property description (also referred to as a Land Description, Property Description, or Land Boundary Description) is: a written statement recognized by law as to the definite location of a track of land by reference to a survey, recorded map or adjoining property. Where Do Liens Come From?Home Loans. When you borrow to buy a home, the property serves as collateral. Auto Loans. Auto loans are similar to home loans. Mechanics Liens (or Construction Liens) When contractors work on your property, they expect to get paid. Judgment Liens. If somebody wins a lawsuit against you, they may become a creditor. Tax Liens. You can find it on the existing deed that is, the last deed used to transfer the property. A good legal description can save you a lot It describes in exact detail, the size, shape, location, and boundary lines of a piece of real estate. In a legal description, the real property should be described using set boundaries rather than natural landmarks, which can change over time.
It is the exact description of what you are buying, so its important that its accurate and you know where to find it in case any property disputes arise.
Legal Description of Property Definition.
A legal description is a description of real property by a government survey, a metes and bounds survey, or by lot numbers of a recorded plat. The basic test as to whether a legal description is good is whether a surveyor can properly locate and identify the parcel based upon its description. A legal description is a formal description of real property that identifies the boundaries of an entire parcel. The legal description (and in some cases, the municipal plat maps it references) allow us to determine the size, shape,
A street address also identifies a physical location but not in the same way that a legal description defines it.
In this system, the legal description of 40 acres might be the As a landlord or homeowner, youll need to provide a legal description of property when renting or selling. Real property in the City of Romulus, County of Wayne, State of Michigan, described as follows: Parcel A: Beginning at a point on the North line of Section 12 said point being distant South 89 degrees 24 minutes 22 seconds East 340.0 feet from the Northwest corner of Section 12, Town 3 South, Range 9 East, Romulus Township, Wayne
It would contain the lot, tract, could also contain the subdivision, and also contains the book and page number of the recording. If a buyer is unfamiliar with the legal description of a property, this document is a valuable reference. When preparing a deed, it is important to use the correct legal description. Frequently the search will also yield recording information for the deed to the property. In most states, property descriptions often include a reference to a township.
There are two main types of legal descriptions of property. These legal descriptions identify property so that it may be conveyed, assessed, and taxed. Download the correct form, depending on the state in which the property is located and that states requirements for correction deeds. The property appraiser's site also contains the legal description, but is usually in an abbreviated format.
A mailing or street address does identify the location of a building, but streets can change names, land can be divided, and sometimes the address wont even match the actual legal property description. The legal description is a formal and detailed description of the property's location, and it can be found in the county land records. How legal property definitions are drawn up varies from place to place. In most situations, the best practice is to use the legal description from the most recent deed to the property. The legal description of property is a legal instrument to determine as best as one can, the physical boundaries and characteristics of a plot of land and the housing built on top of it. The first is called a metes and bounds. A legal description is the document that tells you where on the face of the earth the property located. To create and record a correction deed, the preparer should obtain a copy of the current deed, and take the following steps: Step 1. A legal description of property identifies the particular parameters of a piece of a property and is a critical component of sales contracts, deeds, and mortgages. The legal description must contain, at the very least, the city and county the property is The second is a lot and block description.
Fractional descriptions use a rectangular system, which the United Stages adopted in 1787, according to the American Bar Association.
This is a role with both an interesting workload and a great team. A legal description of real property will be able to identify, describe, and locate property that is being transferred or rented to another party. What is a Legal Description? However, a description of the land to be conveyed is generally an essential element of an agreement to sell land. These sites can be searched with a street address or a parcel tax number for the property.
Its more authoritative than the address and the parcel number, and if this information is stated incorrectly on a deed, the wrong piece of real estate will be transferred. It is usually accompanied by a survey sketch for a visual understanding of the property boundaries. The description must be complete enough that a parcel of land can be located and identified based on what is written. All legal descriptions will indicate the county and state, but the way in which the description is worded will vary. A legal description is a precise, legally meaningful and binding summary of a property survey. Execute the correction deed. Examples of legal descriptions include fractional descriptions, lots of a subdivision, meets-and-bounds descriptions and course-and-distance descriptions. This is an opportunity to develop as a senior legal leader within a Lexcel accredited team whilst making a significant difference for residents across the Borough.