In order to be valid, it must close, meaning the lines describing the start and end must eventually meet. Unlike a property address, the legal description is a totally unique identifier for properties. If a surveyor is working based on the address, they could be surveying the wrong property.” Using the legal description tells us exactly where the property is at by locating those certain permanent reference points, or monument points, to find the property. “Surveyors should never use an address to survey because an address could be wrong. Sign up for our upcoming webinar on land surveys to learn more! This is typically based on existing township grids and uses a combination of alphabetical abbreviations and numbers to locate the land. Homebuyers and even homeowners may not be as familiar with this term, so here are some important things to know about this part of real estate due diligence.Ī legal description of real property is a way to accurately pinpoint where a particular piece of property is located. The legal description is an equally important tool for surveyors. It’s especially important in a commercial real estate deal, where an investor needs to know exactly what they’re getting, but an incorrect legal description can also have dire consequences for a homebuyer.
Every settlement agent worth their salt understands how important the legal description is in a real estate transaction.
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