Legal Description
Definition: Exact description, in precise legal terms, that identifies real estate property.
Legal Description
A property description, recognized by law, that is sufficient to identify and locate a property by reference to government surveys or approved recorded maps.
LEGAL DESCRIPTION
A description that is complete enough that an independent surveyor could locate and identify a specific piece of real property.
Legal Description
A written statement used to identify or describe a property that satisfies a court of law.
legal description
legally acceptable identification of real estate by one of the following: the government rectangular survey; metes and bounds; recorded plat (lot and block number).
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AIR LOT - a legal description for a condominium unit, containing both horizontal and vertical dimension...
AIR MILES - One of the most popular rewards issued by airline-affiliated co-branded cards. Air miles ar...
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A surveyor's legal description of a parcel of land, defined by measurements and angles.
Mixed-income housing
A neighborhood whose residents earn widely varying wages and salaries.
[ITDS] air lot A legal description for a condominium unit, containing both horizontal and vertical dimensions. The air lot generally extends to the inner faces of the walls, floors and ceiling of the condominium unit.
Deeds reflect the buyer and seller name and address, the amount of consideration and the property's legal description. These documents provide information of asset transactions for a particular taxpayer and possible taxable transactions.
Of course, for legal purposes, you'll also want to keep the signed sales contract that shows the legal description of the property, the sales price, and the terms of your sale in a safe place like your safe deposit box at the bank.
A patent defect in a legal description is one that cannot be corrected so that a new description must be used.
Veterinary Dictionary:
patent
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A gap or space left between two parcels of land and not included in the legal description of either parcel. Similar terms are Gaps and Gores.
Personal Finance Headlines
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A grant deed contains the name of the person or entity transferring the property (the grantor); the legal description of the property being transferred (i.e., lot number, tract number, city, county and state); ...
Lenders use surveys to verify the legal description of property, to verify that the property discussed in appraisal reports is identical to the property owned by the borrower, and to verify that driveways, terraces, garden walls, ...
Surveys are conducted by licensed surveyors and are normally required by the lender in order to confirm that the property boundaries and features such as buildings, and easements are correctly described in the legal description of the property.
 See also: Expense, Personal property, Down payment, Property tax, Appraised value
  
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