When you rent out or sell a home or piece of land, you need a formal account of the property. You can add a formal explanation to your lease with our Lease Agreement.
When you rent out or sell your home as a landlord or homeowner, you will need to give a formal account of the property. This legal description protects you in case you have a legal disagreement with a renter or after you sell a property. A formal account of real property can be used to find, identify, and explain land that is being sold or given to someone else.
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What does the legal name of real property mean?
Real property is anything that is connected to the land or is built into it. The land itself will also fit into this group. The goal of a legal description of property is to give enough information about a piece of land so that it can be found using only the information in the legal description. This usually means using strict names that will not change over time.
Landlords can use our Lease Agreement, which makes it easy to add a legal statement to a lease.
The hardest part of the process is writing down what the land looks like. Legal representations of real land can be done in a number of ways, such as:
A street location is not needed in a formal statement of real land. Since street names and addresses can change, a street address is usually only used to describe a home’s present location. If there is a wrong address, it will have to be taken off.
For a good formal definition to be made, a poll will have to be done. When you need a formal summary made, the best person to ask for help is a real estate lawyer. If you do not give a proper description, you, as the seller, may find that your sale was invalid because the land was not described correctly.