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A legal land description in Manitoba, Saskatchewan, and Alberta would be defined by the Dominion Land Survey. For example, the village of Yarbo, Saskatchewan is located at the legal land description of SE-12-20-33-W1, which would be the South East quarter of Section 12, Township 20, Range 33, West of the first meridian.
a description of the map's place of official recording (e.g., recorded in the files of the County Engineer). The legal description of a 2.5-acre (10,000 m 2) property under the Lot and Block system may be something like; Lot 5 of Block 2 of the South Subdivision plat as recorded in Map Book 21, Page 33 at the Recorder of Deeds.
A property abstract is a summary of the legal documents that chronicle transactions associated with a particular parcel of land. Generally included are references to deeds , mortgages , wills , probate records, court litigations , and tax sales —basically, any legal document that affects the property.
In many cases, a description refers to one or more lots on a plat, a map of property boundaries kept in public records. These legal descriptions are usually described in two different ways – metes and bounds, and lot and block. A third way is the Public Land Survey System, [6] as used in the United States. Metes. The term "metes" refers to a ...
The existence of section lines made property descriptions far more straightforward than the old metes and bounds system. The establishment of standard east-west and north-south lines ("township" and "range lines") meant that deeds could be written without regard to temporary terrain features such as trees, piles of rocks, fences, and the like, and be worded in the style such as "Lying and ...
The property is walking distance from all of the downtown shops, restaurants and trendy workout joints (where you can "throw on your Lululemon and work it off," of course).
Identify the real estate (property): At least the address, but preferably the legal description must be on the contract. Identify the purchase price: The amount of the sales price or a reasonably ascertainable figure (an appraisal to be completed at a future date) must be on the contract.
A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owners of a plot can be one or more persons or another legal entity, such as a company, corporation , organization , government , or trust .