![]() This will confirm to whom the area of land belongs, describing where both property boundaries start and end. An unbiased surveyor will look at the legal description and help settle these disputes. The other less common use of a legal description of property is when disputes arise between neighbors pertaining to the boundaries of a property. It ensures all parties understand the boundaries of the piece of real estate being sold and is needed to legally transfer the correct property to the new owner. Therefore, the real estate legal definition is usually found in property deeds after the phrase “that certain piece or parcel of land described as followed.” You’ll also find it in mortgage paperwork, sales contracts, and other legal land documents. When is a Legal Description of Property Needed?Ī legal description of property is required when the ownership of real estate is transferred from one individual to another or when a property is being mortgaged. It may look longer and more complicated, but it is a much more precise way of defining the exact perimeters of the land, which helps to avoid disputes. On the other hand, a real estate legal definition helps everyone understand the exact boundaries of the property and how much land is being sold. Therefore, using an address as the primary identifier of land is not always effective. While the latter can help to locate the property on a map, addresses can change. Information on the county, town, or subdivisionĪs you can see, the legal description of property is different from the property address. ![]() The total acreage of the real estate property.Where the boundary lines of the property are located.Nevertheless, all legal descriptions of property may contain information on the following elements: ![]() They are always written by legal professionals, but how a real estate legal description is written varies depending on the type of property and its location. It is important in real estate transactions because it acts as a unique identifier so that everyone knows the specifics of the property being sold. It is usually accompanied by a survey sketch for a visual understanding of the property boundaries. What Does Legal Description of Property Mean?Ī legal description of property is a short document approximately five sentences long that describes a piece of real estate.
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