Tabla de contenidos
In the world of real estate transactions, detail and precision are essential. An address alone is not enough when it comes to identifying and describing a property in a contract or legal document. This is where the concept of “legal description” comes into play.
Key points
- What is the “Legal Description”? It refers to a detailed and specific geographical description of a land or property that is used to identify said parcel in legal transactions.
- Different Ways to Identify a Property:
- Parcel map: This is NOT what we are dealing with. Although a useful tool, it is usually a visual map showing land divisions in a given region.
- Boundary lines: It is NOT the correct answer. These are lines that define the boundaries of a piece of land, but do not offer a detailed and specific description.
- Legal description: YES that is what we are addressing. It goes beyond simply showing boundaries or direction. Detail specific aspects that make that parcel unique.
- Importance of the Legal Description: In the real estate sector and in the legal field, it is essential that properties can be identified unambiguously. The “Legal Description” ensures that there is no confusion or overlap with other properties, especially in legal transactions.
Conclusion
The real estate sector is governed by precision and accuracy. While an address may be sufficient to visit a property, when it comes to legal transactions, the “Legal Description” is the tool that guarantees the accurate identification of a property. It is an essential element in contracts and documents related to property.