Maryland Exhibit A Legal Description of Lands
Description
Key Concepts & Definitions
A06 Exhibit A Legal Description of Lands refers to a document commonly used in real estate transactions which explicitly describes the physical boundaries and geographical characteristics of a property being discussed or transferred. This document is crucial for accurately identifying the specific plot of land to ensure the legality of the transaction and prevent disputes.
Step-by-Step Guide
- Identify the Property: Start by confirming the property that needs the legal description.
- Consult the Deed: Review the most recent deed of the property, as it should include the legal description.
- Check Local Records: If the deed is not available, visit your local county recorder's or assessor's office to obtain the legal description from other recorded documents.
- Hire a Professional Surveyor: If discrepancies exist or no documents are available, consider hiring a licensed land surveyor to create a precise legal description of the property.
- Review and Validate: Verify the accuracy of the legal description with real estate professionals before proceeding with any transaction or use of the property data.
Risk Analysis
- Inaccurate Descriptions: Errors in legal descriptions can lead to transactions involving incorrect plots, causing legal disputes.
- Boundary Discrepancies: Discrepancies in property boundaries can result in conflicts with neighboring properties, often requiring legal intervention or re-surveying.
- Financial Implications: Inaccurate or incomplete descriptions may result in additional costs such as penalties, re-surveying expenses, or loss of property value.
Key Takeaways
- Accuracy is Critical: Ensure the legal description is accurate to prevent future legal and financial issues.
- Professional Help: Consult professionals like surveyors or real estate attorneys when unclear about property boundaries.
- Validate Everything: Always verify any legal descriptions against official records before proceeding with transactions.
How to fill out Maryland Exhibit A Legal Description Of Lands?
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FAQ
A metes-and-bounds description begins from a reference point called a point of beginning (POB). From the point of beginning, the legal description gives the direction and the distances of the boundaries.Compass bearings are used to describe the direction of the boundary lines.
The legal description of a parcel of land that is measured in distances, angles, and directions. A surveyor uses directions and distances from physical monuments to define and describe the boundaries of the parcel of land.
A legal description is one that is legally sufficient to transfer describe the property. Using the most recent deed to the property is usually the best way to ensure that the current owner's interest passes to the new owner.
There are five types of legal descriptions that have been developed to achieve greater accuracy and precision in identifying land and land rights: 1) the United States Public Land Survey System (USPLSS), sometimes referred to as the rectangular or quadrangular survey system; 2) descriptions referring to recorded
A metes and bounds legal description starts from a point of beginning, then traces the outline of the property's boundary lines until there is closure in the legal description. Natural monuments and artificial monuments can both be used as metes and bounds. For example, rivers, roads, trees, etc.
In the realm of legal land descriptions, there are many avenues used to describe a parcel of land.The seven major description systems are: (1) metes and bounds; (2) lot and block; (3) portion of another parcel("ly"); (4) legal subdivisions; (5) reference to a map, plat, or deed; (6) coordinates; and (7) strip.
Examples of metes and bounds landmarks include rivers, roads, stakes, or other such natural or manmade markers. Metes and bounds descriptions are typically used whenever land survey areas are irregularly sized and/or shaped, so that the boundaries of the property can be more clearly defined.
A legal description. Is a detailed way of describing a parcel of land for documents such as deeds and mortgages. Survey. The process by which boundaries are measured by calculating the dimensions and area to determine the exact location of a piece of land. You just studied 24 terms!
A metes and bounds description starts at a well-marked point of beginning (POB) and establishes the boundaries of the parcel by courses and metes (length in inches, feet, yards, miles) and bounds (directions based on landmarks, monuments, angles) and returns to the true point of beginning.
