Defining Legal Descriptions Contract
This contract (the “Contract”) is entered into on this [Date] by and between the parties involved.
| Party A: | [Name] |
|---|---|
| Party B: | [Name] |
Whereas, Party A is the [Description of Party A], and Party B is the [Description of Party B].
Definitions:
- Legal Description: Refers to detailed description of parcel of real property in legally recognized format, commonly used for purposes of identifying and locating property.
- Metes and Bounds: Method of describing boundaries of parcel of land using distances and angles.
- Plat: Map showing divisions of piece of land.
- Lot and Block: Method of describing boundaries of parcel of land using lot and block numbers as shown on recorded subdivision plat.
It is hereby agreed as follows:
- Party A and Party B agree to definitions outlined above and will consider these definitions as basis of any legal description used in course of their business relationship.
- In event of any dispute over legal description of property, parties will refer to definitions outlined in this Contract as standard for interpretation and resolution.
- This Contract shall be governed by and construed in accordance with laws of applicable jurisdiction.
Unlocking the Mystery of Legal Descriptions
| Question | Answer |
|---|---|
| What is a legal description? | A legal description is a detailed way of identifying a piece of real estate. It is typically used in legal documents such as deeds, mortgages, and property surveys. A good legal description leaves no room for ambiguity and provides the exact boundaries of the property. |
| Why is a legal description important? | Having a precise legal description is crucial for both the buyer and the seller in a real estate transaction. It ensures that everyone is clear on what is being bought or sold, and it can prevent disputes in the future. |
| What are the different types of legal descriptions? | There are several types of legal descriptions, including metes and bounds, lot and block, and government rectangular survey systems. Each type has its own specific format and method of defining property boundaries. |
| How is a legal description created? | A legal description is typically created by a professional surveyor who uses precise measurements and landmarks to determine the boundaries of a property. This information is then written into a legal document in a specific format. |
| Can a legal description be changed? | It is possible to change a legal description, but it must be done carefully and in accordance with the law. Any changes should be documented and recorded to ensure that all parties involved are aware of the modifications. |
| What happens if there is a mistake in a legal description? | If a mistake is discovered in a legal description, it may need to be corrected through a legal process. This could involve filing a corrective deed or going to court to resolve the issue. |
| Is it possible to have multiple legal descriptions for the same property? | Yes, it is possible for a property to have multiple legal descriptions, especially if it has been subdivided or combined with other parcels of land. In such cases, all legal descriptions should be carefully reviewed to ensure they align with each other. |
| What information is included in a legal description? | A legal description typically includes details about the property`s boundaries, such as distances, angles, and reference points. It may also reference neighboring properties or natural landmarks. |
| How can I verify a legal description? | To verify a legal description, you can consult the property`s deed, survey, or title insurance policy. It`s important to review these documents carefully and seek the guidance of a qualified professional if there are any concerns. |
| What should I do if I don`t understand a legal description? | If you are unsure about a legal description, it`s important to seek clarification from a knowledgeable real estate attorney or surveyor. They can help you interpret the language and ensure that you have a clear understanding of the property`s boundaries and legal status. |
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