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When there are two valid property descriptions of a piece of real estate

Understanding the Benefits of Having Two Valid Property Descriptions in Real Estate

When it comes to real estate, having accurate property descriptions is crucial for both buyers and sellers. In some cases, you may come across situations where there are two valid property descriptions for a single piece of real estate. This article aims to explain the positive aspects of such a scenario, highlighting the benefits and conditions in which two valid property descriptions can be used.

Benefits of Having Two Valid Property Descriptions:

  1. Enhanced Clarity:

    Having two valid property descriptions provides an additional layer of clarity to potential buyers and sellers. It ensures that the property's features, boundaries, and specifications are clearly defined, minimizing any confusion or disputes regarding its attributes.

  2. Increased Flexibility:

    Dual property descriptions offer flexibility to accommodate different perspectives or interpretations of a property's boundaries. This can be particularly useful in cases where the property undergoes changes, such as lot splits or additions, allowing for accurate representation of the land's divisions.

  3. Better Legal Protection:

    Multiple valid property descriptions can provide added legal protection for both buyers and sellers. It ensures that all parties are aware of the property's exact boundaries and characteristics, reducing the risk of potential legal disputes or claims in the future.

Conditions for Using Two Valid Property

A Point of Beginning refers to: A description starting at a designated place on a parcel using the Metes and Bounds System.

What is the point of beginning and what is it used for?

The point of beginning is a surveyor's mark at the beginning location for the wide-scale surveying of land.

What can be used as a point of beginning?

The point of beginning (POB) can be a man-made monument, like a bronze statue or may be a natural element like a tree or a rock. However, there are problems associated with the use of such objects. Trees may fall down; manmade monuments like railroads or churches may be removed or destroyed by natural forces.

What is point of beginning in metes and bounds?

The description defines the lands from the point of beginning (a property corner) around the entirety of the parcel, typically in a clockwise fashion, back to the point of beginning. Each line or course is described by two components, the “metes” and the “bounds.”

What is placed at the beginning of a term?

Prefixes. A prefix is a syllable that is placed at the beginning of a work or word root to change the. meaning or create a new word. Prefixes may indicate time, position, negation or.

What does metes and bounds mean in real estate?

Metes and bounds are the boundaries of a parcel of real estate that identified by its natural landmarks. Metes and bounds landmarks are often used in a “legal description” of a land. Legal description is the geographical description of a land that identifies its precise location, and is kept with the deed of the land.

What are the two categories of property quizlet?

Property is generally divided into two basic categories: real and personal property. Real property is land, and anything permanently attached to the land. Personal property is generally defined as property that is not attached to the land, or movable property.

Frequently Asked Questions

What is the difference between rectangular and metes and bounds?

1 The land governed by the rectangular survey shows a uniform system of plots and roads, while the metes and bounds system shows a seemingly random array of plots and fewer roads.

What is the point of beginning metes and bounds?

A metes and bounds legal description starts from a point of beginning, then traces the outline of the property's boundary lines until there is closure in the legal description. Natural monuments and artificial monuments can both be used as metes and bounds. For example, rivers, roads, trees, etc.

What does pob mean in survey?

POB – Point of Beginning.

When legally describing a parcel of real estate What are landmarks called?

Metes and bounds are the boundaries of a parcel of real estate that identified by its natural landmarks. Metes and bounds landmarks are often used in a “legal description” of a land. Legal description is the geographical description of a land that identifies its precise location, and is kept with the deed of the land.

Which method of describing a parcel of real estate is used to describe irregular pieces of property?

Metes and Bounds

Metes and Bounds are a legal real estate land system used to describe irregular parcels and plated subdivisions. Metes are a measure of length and bounds are boundaries.

FAQ

What are townships created by?

A township is established by the intersection of tiers and range lines that measure 6 miles by 6 miles on each side. It comprises 36 sections, with a total area of 36 square miles. These sections are numbered beginning from the North East, with the first section designated as 1, all through to 36.

How do you describe a parcel of land?

The property description used in deeds and other land documents will refer to the name of the subdivision and the lot number. For example: "Lot 42, Block 3, of North Lakes Subdivision #1, according to map or plat thereof as recorded in Plat Book 62, Page 9, of the Public Records of Orange County, Florida."

What is one accepted method of legally describing parcels of real estate quizlet?

A metes and bounds description identifies the boundaries of a parcel of real estate using reference points, distances, and angles. The description always identifies an enclosed area by starting at an origination point, called point of beginning, or POB, and returning to the POB at the end of the description.

What are the legal methods of describing land?

There are three common methods used to describe real estate: metes and bounds, government survey, and lot and block. Here's a closer look at how they work. Metes and bounds is a term used in describing the boundary lines of land, setting forth all the boundary lines together with their terminal points and angles.

What is a landmark in legal terms?

Definitions of landmark

an event, discovery, development or change that marks an important stage in something. A landmark case is a court decision that establishes an important new legal principle or concept, or which changes the previous interpretation of current law.

When there are two valid property descriptions of a piece of real estate

What does the point of beginning mean?

Definition: the starting point in a metes-and-bounds description of property; usually a street intersection or a specific monument. Pronunciation: Used in a Sentence: A legal description must always return to the point of beginning to describe the area accurately.

Which of the following may be used as a legal description for a property?

It can be a property's address (if it has one), a metes and bounds description, or (commonly), it can reference a county's official map.

Which of the following is required for a legal description to be adequate?

Which of the following is required for a legal description to be adequate? It must accurately locate and identify the boundaries of the property and distinguish it from all other properties.

Which of the following is commonly used type of legal property description?

Common Types of Legal Descriptions

The three types of legal descriptions you're likely to encounter include: Metes and bounds. Rectangular Survey System (also known as Public Land Survey System or government survey method) Plat method or lot and block method.

Which property would most likely be described using the plat method of legal description?

Lot and block legal descriptions are used when talking about a piece of property within a subdivision. A platted subdivision contains all the blocks and lots found within the specific development. From there you can find your lot and block relating to your property.

  • Which method of legally describing parcels of real estate is also called the recorded plot system quizlet?
    • The lot and block system, also called the recorded plat method, is used to describe properties in residential, commercial, and industrial subdivisions.

  • What is the recorded plat method also called?
    • Also known as the recorded plat survey system or recorded map survey system. A method used to describe and identify the location of a parcel of land. The lot and block survey system is often used in densely populated metropolitan and suburban areas.

  • What is a parcel plot?
    • Definition. A parcel (or plot) of land is an area of land with a particular ownership, land use, or other characteristic. A parcel is frequently used as the basis for a cadastre or land registration system. The basic spatial unit in a cadastre is known as a parcel.

  • Where is the point of beginning?
    • The Beginning Point of the U.S. Public Land Survey is a monument at the border between the U.S. states of Ohio and Pennsylvania, on the north side of the Ohio River.

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