Our Site, or otherwise engage with Us. Home Knowledge Base Legal Description of Property. The legal dictionary defines it as a formal, detailed, and sufficient property/asset description that definitively identifies and locates a specific property.. Most offices have online databases with this information. Since the metes and bounds system came to this country with English colonists, it is the dominant survey method in the original colonies and older states. understand how Our Site are being used or how effective Our marketing campaigns are, or to help Us A metes and bounds legal description might read like this: Starting at a point on the East Side of 1st Street 100 feet from the corner of 1st Street and A Boulevard, north 90 degrees 100 ft, then north 0 degrees 100 ft to the border of A Boulevard, then North 270 degrees to the intersection boundary of 1st Street and A Boulevard, then finally south to the point of beginning. each section may be divided further into , 1/4, , 1/16, and so on. the lines of the grid running north and south. She has a Masters in English and Creative Writing from Southern New Hampshire University and a Bachelor's in English from Thomas Edison State University. The legal description provides accuracy and consistency over time, serves to prevent boundary disputes and problems with chain of title, and facilitates the transfer of ownership. By crafting a captivating narrative about the property, property managers can create a sense of uniqueness and emotional resonance, making the property more appealing to potential guests. They essentially divide the land into rectangles to mark out six-mile-square areas called townships. Legal description provides accuracy and consistency over time. A quarter of a quarter section is 40 acres. We promise. The legal description must contain, at the very least, the city and county the property is located in. It describes the exact boundaries of the land, essential for the transfer of ownership and mortgage documents. At Blueprint, our title professionals have decades of experience clearing title defects. Learn more about what a legal description of property is. Legal advice is dependent upon the specific circumstances of each situation. Read your property deed Description of Notes means the section titled "Description of the Notes" in the Offering Memorandum, dated October 10, 2014, related to the issuance and sale of the Initial Notes. On the other hand, the marketing property description, widely used in the vacation rental industry, doesnt strictly adhere to the metes and bounds description. We act as an agency for one or more affiliated and unaffiliated insurance companies. An error occurred trying to load this video. Each block has an alphabetical and numerical value assigned for easier identification. Therefore, you may see a property description that includes a reference to the township and section, such as: "That part of the Northwest 1/4 of the Southeast 1/4 of Section 35, Town 19 North, Range 13 West.". This system was established in 1785 and is used in 30 states. In the short-term and vacation rental industry, it functions as a key marketing tool used by property owners or managers to highlight a propertys distinctive features and attract potential guests. Knowing where to find and how to read a legal description is a useful skill for anyone buying property, especially for real estate investors. For purposes of keeping property tax records, the local tax assessor's office usually attaches an identification number to each parcel. What Is a Legal Description? | REtipster .com This system is most often used for large areas of government land and is not generally used for residential properties. The critical thing to remember is to check the documentation received by your registered agent and review it with a professional before signing the deed. Copyright 2023 SmallBizGenius.net. In addition to the legal description, you may see other identifying information on a land document. What Is the Legal Description of a Property? This system is commonly used in situations when survey areas have an irregular outline. other websites, apps, or services. A legal description of property is a short document approximately five sentences long that describes a piece of real estate. A legal description typically includes the following: A point at which one line ends and another begins. A legal description is the precise location and measurement of real property. The difference is that when these lots are recorded on the plat, they're given a much simpler identifier. For residential real estate, this description is unlikely to come up. An accurate legal description is also helpful in the case of resolving property or boundary disputes. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. These townships are then subdivided into tracts and sections. Three methods of surveying can be used to aid in or express a legal description, including the following: To unlock this lesson you must be a Study.com Member. After six years of aircrew service in the Air Force, he earned his MBA from the University of Phoenix following a BS from the University of Maryland. Similarly, to have a valid mortgage on a property, the mortgage also must contain this legal description. A legal description identifies the property as unique and distinct from all other properties. - Definition & Types, Psychological Research & Experimental Design, All Teacher Certification Test Prep Courses. It will also be used for a title search, and appear on the title insurance policy. A legal description of property is a way to define or accurately pinpoint where a particular piece of property is located. Its especially important when purchasing vacant lots with no address. Often, these documents are available to search online. There are multiple types of legal descriptions for real estate. Making sure you have title insurance coverage, Requesting a new survey from your title company. (July 15, 2023) 241363. The exterior of the house. Real estate legal descriptions can be done in a variety of ways, including: The description of the land is meant to identify all of the boundaries of a specific piece of land. The legal description of property is a detailed geographical explanation of where the property is located. "Beginning at a point marked by a survey marker on the South side of Jackson Road 150 feet East from the corner formed by the intersection of the East boundary of State Highway 39 and the South boundary of Jackson Road; thence East 90 degrees 500 feet; thence South 450 feet; thence West 250 degrees 450 feet; thence direct to the point of beginning; situated in Section seven in Township Twenty North, Range Eleven East, Perry Township, Delaware County, Indiana.". How to Find the Legal Description of a Texas Property Instead, its designed to create an inviting image of the property, emphasizing its aesthetic, functionality, and special features. To create and record a correction deed, the preparer should obtain a copy of the current deed, and take the following steps: Step 1. Copyright 2022 Blueprint Title Company All Rights Reserved Copyright. Buildings are typically listed with square foot measurements. To do so, they rely on terminology such as monuments, benchmarks, and point of beginning (POB). Unsubscribe anytime. A legal description provided by a real estate lawyer is always recommended. You might wonder how that could happen. With iGMS, manage your vacation rentals with ease. Each document may be found in a particular volume of the records, which is referred to as a "book" or "liber.". This follows a standard format for the rectangular survey system, but the property deed would also need to contain the county the property is in for record purposes. How to find the legal description of property - Movoto by OJO However, old legal descriptions may be passed from one chain of title documents to another and an incorrect or incomplete description may be conveyed from one unwitting owner to the next. In a metes and bounds legal description, one would designate the starting point, also known as the POB, or the "point of beginning." The exact method of changing a property's legal description will vary, depending on the type of property and where you live, but it should be a fairly straightforward process. If theres a suspected issue with the legal description, the title company may require a land survey to confirm the legal description is accurate and it closes meaning the starting point described in the legal description meets with the endpoint. NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that the Duluth Economic Development Authority ("DEDA"), will hold a public hearing in Council Chambers on the 3rd floor of City Hall, 411 West . The definition starts at the POB and then tells you how far and in what direction the boundaries go from there until it reconnects. Although Blueprint provides information it believes to be accurate, Blueprint makes no representations or warranties about the accuracy or completeness of the information contained on this site. Edward A. Haman is a freelance writer, who is the author of numerous self-help legal books. A legal description of a property defines the exact geographical location of the property. Deeds, mortgages, and other land documents are typically recorded with a county government agency, such as the county clerk or the register of deeds. The plats containing all this information are usually kept at the local court records office or other such location. Search by property address, parcel number, or current owners name to find the document and the legal description attached. Illinois AQB Certified General Appraiser Exam: Study Guide, Georgia AQB Certified General Appraiser Exam: Study Guide, Arizona AQB Certified General Appraiser Exam: Study Guide, Colorado Real Estate Broker License Exam: Study Guide, Ohio Residential Appraiser Exam: Study Guide & Practice, Ohio Licensed Appraiser Exam: Study Guide & Practice, Hawaii Real Estate Broker Exam: Study Guide & Practice, Virginia Real Estate Salesperson Licensing Exam: Study Guide, Virginia Real Estate Broker License Exam: Study Guide, Arizona Real Estate Salesperson Licensing Exam: Study Guide, Arizona Real Estate Broker License Exam: Study Guide, Illinois Real Estate Broker License Exam: Study Guide, Texas Real Estate Broker License Exam: Study Guide, Florida AQB Certified General Appraiser Exam: Study Guide, Texas AQB Certified General Appraiser Exam: Study Guide, New York Real Estate Salesperson Exam: Study Guide, Florida Real Estate Sales Associate Exam: Test Prep & Study Guide, Florida Real Estate Broker License Exam: Study Guide, Create an account to start this course today. What is the legal description of the property? - Legal Answers - Avvo The basic elements of the Rectangular Survey System include: The Northeast corner of Section 1, Township 19, Range 4, Pinellas County, Florida. Metes and bounds is the oldest method of land measurement used for property descriptions. As a landlord or homeowner, you'll need to provide a legal description of property when renting or selling. ABBREVIATIONS USED IN LEGAL DESCRIPTIONS. The legal description of a property includes specific details that identify the physical, geographic location of the parcel. LegalZoom provides access to independent attorneys and self-service tools. A legal description using the lot and block system might look like: Lot 6 of Block 12 in the Sunrise Subdivision plat as recorded in Map Book 4, Page 57 at the Recorder of Deeds, Sonoma County, CA. It will take the expertise of professionals to resolve these kinds of errors. Components that make the deed valid, legal, and contractual are: Simply put, the deed is a legal document that transfers ownership of the property from the grantor to the grantee. Each quadrangle is 24 square miles. These cookies collect information that is used to help Us The description of the land is the most difficult part of the process. Property Descriptions 101: How to Write Listing Descriptions - Zillow Landlords may use our Lease Agreement which allows you to easily attach a legal description in addition to your lease. What Is A Property Deed? All rights reserved. The other less common use of a legal description of property is when disputes arise between neighbors pertaining to the boundaries of a property. The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. How much are you buying? Save my name, email, and website in this browser for the next time I comment. Homebuyers and even homeowners may not be as familiar with this term, so here are some important things to know about this part of real estate due diligence. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. We use cookies to improve our website's work and deliver better services. Some metes and bounds descriptions make references to distances in terms of rods and chains. This is reflected in some of the language used. Are you ready to get started? It is common for monetary compensation to be given to one party to come to an agreement about who the land belongs to. While relatively uncommon, a real estate document may contain an inaccurate legal description due to outdated surveying methods. What is a Property Description? | iGMS The description reflects the rudimentary tools used to measure the land at the time. A legal description is an exact, formal description used in legal settings, like contracts, leases, and other official documentation, to unequivocally identify a property. It is usually accompanied by a map or plat (a representation in two dimensions) that shows the location, size, shape, and boundaries. These are the Rectangular Survey System, metes and bounds, and lot and block. Title searches used this method to ascertain whether a document affected the property they were searching for in the public records. This makes sense, a lien is an encumbrance on the property itself, so a requirement that the property to be encumbered be described is reasonable. If the description is left open to interpretation, it may result in legal complications and you not owning the exact property youve purchased. The legal description of property is a document that describes in meticulous detail where the property boundaries lie. The system of legal description that uses natural landmarks and geographical features is called metes and bounds. Frequently the search will also yield recording information for the deed to the property. If you are buying property, the seller or real estate agent should have a copy of the deed. Legal Description Of Property: Definition And Guide - SmallBizGenius For platted subdivisions, the property description is simplified. PDF Interpretation of Real Property Descriptions Without a proper description, you, as the seller, may find that your sale was void due to an improper land description. The legal description is used when conveying property . Beyond that, the description must contain enough information that a competent licensed surveyor could go back later and clearly identify the property lines. Study an example of legal property and its description. The street address is basically the mailing address of the property, which includes the street number and name, city or town, state, and zip code.
Sutter Walk-in Care San Jose - Prospect,
The Power Of The Cross By Pastor Chris,
Articles W