The need for a legal description of property arises during the transfer of real estate ownership from one party to another or when a property is mortgaged. Property deeds typically include the phrase "that certain piece or parcel of land described as followed," which marks the beginning of the legal definition. Mortgage documents, sales contracts, and other legal land documents also encompass this crucial piece of information. As the cornerstone of legal transactions involving land, property descriptions legalize the transfer of correct property to the new proprietor. In addition, find other real estate-related templates necessary for such transactions.
Somewhat less commonly, property descriptions are invoked when property boundary disputes arise. According to the legal description, an impartial surveyor delineates both property boundaries, highlighting where they begin and end. In some instances, after reviewing the legal description of property, the concerned parties may challenge it. There may even be a requirement for a surveyor to reestablish property boundaries to reach a consensus. In numerous instances, one party may receive financial compensation to resolve the dispute over property ownership.