The legal description of a property is a written statement that accurately identifies and describes a specific property to establish its ownership and boundaries. It serves as a tool to distinguish one property from another, providing a precise reference for legal and real estate transactions. Here are a few examples of different types of legal descriptions used for properties: 1. Metes and Bounds: This type of legal description refers to the property's boundaries, requiring the identification of its starting point (known as the point of beginning) and then detailing the lengths and directions of each boundary line using compass bearings and distances. For instance, "Beginning at a point marked by an iron rod at the northwest corner of 123 Main Street and then running south 100 feet, east 200 feet, north 100 feet, and west 200 feet back to the point of beginning." 2. Lot and Block: Commonly used in subdivision developments, this type of legal description identifies the property by referencing a plat map or subdivision plan. The description usually includes the lot of number, block number, and name of the subdivision. For example, "Lot 5, Block 2, Oak Ridge Subdivision, as recorded in Plat Book XYZ, Page 123, in the County Recorder's Office." 3. Government Rectangular Survey System: This legal description is based on the Public Land Survey System used to describe land primarily in the United States. It uses meridians, baselines, townships, sections, and ranges to define a property's location. For instance, "The NW ¼ of Section 12, Township 3 North, Range 2 West, Principal Meridian." 4. Assessor's Parcel Number (APN): An APN legal description is often used for tax assessment purposes. It assigns a unique identification number to each property within a specific jurisdiction. It might look like "APN: 123-456-789." 5. Street Address Description: Although not as precise as other types, a street address can be used as a legal description when all parties are familiar with the property boundaries. It simply includes the address and might include the property's name, if applicable. In conclusion, a legal description of a property is crucial for accurately defining its boundaries and ownership. Different types of legal descriptions, such as metes and bounds, lot and block, government rectangular survey system, Assessor's Parcel Numbers, and street addresses, serve specific purposes in various real estate transactions.
Legal Description Of Property Example For Property
Description
How to fill out Legal Description Of Property Example For Property?
Legal management might be mind-boggling, even for the most experienced professionals. When you are interested in a Legal Description Of Property Example For Property and don’t get the a chance to devote looking for the correct and updated version, the processes may be demanding. A strong online form library could be a gamechanger for anyone who wants to handle these situations successfully. US Legal Forms is a industry leader in online legal forms, with over 85,000 state-specific legal forms accessible to you at any moment.
With US Legal Forms, you may:
- Gain access to state- or county-specific legal and organization forms. US Legal Forms handles any requirements you might have, from individual to business documents, all in one spot.
- Make use of advanced tools to accomplish and deal with your Legal Description Of Property Example For Property
- Gain access to a resource base of articles, instructions and handbooks and resources highly relevant to your situation and needs
Save time and effort looking for the documents you need, and make use of US Legal Forms’ advanced search and Preview tool to get Legal Description Of Property Example For Property and download it. For those who have a membership, log in in your US Legal Forms account, search for the form, and download it. Review your My Forms tab to find out the documents you previously downloaded as well as to deal with your folders as you can see fit.
If it is the first time with US Legal Forms, register a free account and get unrestricted use of all advantages of the platform. Listed below are the steps to take after accessing the form you need:
- Verify this is the right form by previewing it and looking at its information.
- Be sure that the sample is accepted in your state or county.
- Choose Buy Now when you are all set.
- Select a monthly subscription plan.
- Find the formatting you need, and Download, complete, eSign, print and deliver your papers.
Take advantage of the US Legal Forms online library, supported with 25 years of experience and reliability. Change your day-to-day papers managing into a easy and user-friendly process right now.
Form popularity
FAQ
The best place to find a legal description is usually the most recent deed to the property (the deed that conveyed the property to the current owner). The legal description is usually contained in the body of the deed.
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).
Property definition says that a property is anything that is owned by a person or a business. A property could be a tangible item such as land, car, or clothing or an intangible item such as stocks, patents, etc.
A property description is the written portion of a real estate listing that describes the real estate for sale or lease. Nowadays, most buyers begin their property search online. Therefore, real estate descriptions are your best chance to sway buyers and sellers.
Metes and bounds landmarks are often used in a ?legal description? of a land. Legal description is the geographical description of a land that identifies its precise location, and is kept with the deed of the land.