Property Ownership
The legal description of a property is used to:
AEstablish the property's market value
BPrecisely identify the boundaries of the property✓ Correct
CDescribe the property's physical condition
DDetermine zoning classification
Explanation
A legal description precisely identifies the boundaries of a parcel of real property in a manner acceptable for recording and legal documents, distinguishing it from all other parcels.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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