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- The manner in which real property is identified and described. A legal description should be included in every real estate instrument that is made of public record, such as: Vesting deed. Mortgage or deed of trust. Memorandum of lease. Easement.
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Sep 15, 2024 · Finding a property’s legal description involves understanding its importance and different deeds. Title insurance and property surveys can provide legal descriptions, as well as official county records and online property search tools.
A mortgage and a deed are both legal instruments that play a vital role in the housing industry. While a mortgage is a loan taken out to finance the purchase of a home, a deed is a document that transfers ownership of the property from one party to another.
A mortgage for example is a type of instrument, so is a deed which transfers ownership from the seller to the buyer. Other instruments can create rights for your property in neighbouring lands or put obligations on your land in favour of others.
- Read Your Property Deed
- Townships in Property Descriptions
- Including Subdivision Plats
- Using Metes and Bounds
- Supplemental Property Information
All deedsin the property's chain of title should have an identical legal description. It will usually be found on the document after a phrase similar to: "that certain piece or parcel of land described as follows." If you own property, you should have a copy of the deed from when you acquired the title. If you are buying property, the seller or rea...
In most states, property descriptions often include a reference to a township. This goes back to a land survey plan developed by the federal government in 1785. This plan established various north-south lines, called meridians, and various east-west lines, called baselines. This is why you sometimes see a road called Base Line Road. A township is n...
When a developer plans a housing subdivision, a survey is conducted to measure and identify the separate lots that will be sold. This is known as a subdivision plat. There will be a plat map, which shows the location and number of each lot. The county may have separate plat books in which subdivisions are recorded. For platted subdivisions, the pro...
Where the property is not subject to a subdivision plat, and especially if it is irregular in shape, you will see more complex descriptions that are designed to allow a surveyor to measure and mark the property boundary. This is very common in rural areas, and is called a metes and bounds description. It will start by describing a point where the m...
In addition to the legal description, you may see other identifying information on a land document. This is most often the street address and a property tax identification number. 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. For purposes of keeping...
Mar 21, 2023 · A legal description is a written description of a real estate that is specific enough to uniquely identify it as distinct from all other properties. A proper legal description serves as the foundation for transferring real estate and is required in deeds, mortgages, and other legal documents.
To put it simply, a property's legal description is the definition of the real estate being bought and sold. It's 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.
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