Contracts
In New Mexico, a purchase agreement for real estate must include a 'legal description' of the property because:
AA street address is sufficient for recording
BAn adequate legal description uniquely identifies the exact parcel being sold, preventing ambiguity and meeting requirements for recording✓ Correct
CAppraisers require it for their reports
DLenders require it for marketing purposes
Explanation
A legal description uniquely identifies the specific parcel of real estate being conveyed — using metes and bounds, lot and block, or rectangular survey system. A street address alone is not sufficient for a legally enforceable deed or contract.
Related New Mexico Contracts Questions
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