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Commonly Asked Questions about Legal Real Estate Templates

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The Three Types of Legal Descriptions The Rectangular Survey. Lots and Blocks. Metes and Bounds.
The three types of legal descriptions youre 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.
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What Should Be Included In A Real Estate Offer Letter? An address and description of the potential property. The sale price. Proposed terms for the sale. Ideal closing date. Earnest money deposit amount. Deed and title discussion. How utilities and taxes will be adjusted during the transaction.
The most common methods used to create legal descriptions are rectangular survey, metes and bounds, and the lot and block systems.
The starting (and ending) place in a land survey using the metes-and-bounds method of property description. (1) metes-and-bounds, (2) government survey system, and (3) lot and block descriptions.
Final answer: Real estate is characterized by immobility, indestructibility, and uniqueness. Immobility means it cannot be moved, indestructibility means the land itself cannot be destroyed, and uniqueness refers to the distinct attributes of each property.