Question: What Is The Principal Purpose Underlying Legal Descriptions Of Real Property?

What is a legal description in real estate?

A legal description is the geographical description of real estate that identifies its precise location, boundaries and any easements for the purpose of a legal transaction, such as a transfer of ownership. A legal description is kept with the deed and filed with the county clerk or county tax assessor.

What is the intent for legal descriptions of real property quizlet?

The purpose of the legal description is to identify a parcel of property clearly and in a standard way. It is a method of describing the location of real estate that will be accepted by a court.

Why is it important to have an accurate legal description of the property in the purchase and sale agreement?

A legal description provides legal evidence of the boundaries and allows a surveyor to accurately determine property lines at a later time. This is incredibly useful and necessary during real estate transactions or disputes. The description will typically appear on sales contracts and the property deed.

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Which of the following is a distinctive feature of metes and bounds descriptions?

Which of the following is a distinctive feature of metes and bounds descriptions? They identify an enclosed area, beginning and ending at the same point.

What is the most common form of property description?

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).

How do you write a legal land description?

It is desirable that a land description: 1) Should contain title identity. 2) Should not interfere with the senior rights of others 3) Should be so written that either at the present or at a future date, a competent surveyor can readily locate it. 4) Should not contain words capable of alternate interpretations.

What is the principal purpose underlying legal descriptions of real property quizlet?

What is the principal purpose underlying legal descriptions of real property? to create a consistent unchanging standard for locating property. What is a distinctive feature of the metes and bounds system? they identify an enclosed area, beginning and ending at the same point.

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. A standard form for recording a plat survey.

Which is the most common form of co ownership?

Tenancy in common is the default form of co-ownership in most states. A deed to two or more persons is presumed to create a tenancy in common unless the deed specifies otherwise.

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What are the three most common types of legal descriptions?

There are three common methods used to describe real estate: metes and bounds, government survey, and lot and block.

What is a real property description?

‘Real’ property encompasses interests in land and fixtures or structures upon the land. ‘Personal’ property encompasses tangible or ‘corporeal’ things—chattels or goods.

How do I get a property description?

Where can you find it? You can find the legal description of property in the current deed, which should be on file at the county clerk’s or recorder of deeds’ office. This entity is also sometimes referred to as the registrar. You can also find it in the sales contract.

Which of the following best describes a meridian?

What best describes a meridian? A north-south longitudinal line on a rectangular survey grid.

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.

What are the fundamental components of the metes and bounds system?

Key elements within the metes and bounds description are these:

  • The beginning point of the property description (commonly known as the “Point of Beginning”)
  • The bearing and distances that describe the perimeter of the property, together with reference to any natural features along the boundaries.

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