Metes and bounds real estate rentals3/6/2024 ![]() 4) Rectangular or Government Survey System: The second type is a lot size description which defines the size by how many lots it has (a lot is typically 100 square feet). It defines the size of the property by measuring its total acreage or acres, which are equivalent to 43,560 square feet or 4,840 square meters. The terminal point may be chosen near an existing public road or in any other convenient location.Īcreage and lot size is a description of the property’s boundary lines by reference to land surveys that subdivide it into lots with an area or number designation for each lot in acres or square feet. The first point is called the “starting point” or “conception” point, and the second point is called the “terminal point.” The starting point is usually near where a person can first access the property from an existing public road. ![]() The two points are called bounds or corners. This land description system defines a property’s boundaries by the physical distance between two points on it. It can be described as a rectangular parcel of land with an east-west baseline and a north-south baseline. It is based on a surveyor’s measurements. Metes and bounds describe the property’s boundary lines by reference to natural or artificial landmarks. A lot has at least one side that meets the required frontage for its zoning district and may not exceed the maximum allowable size without special permission from the local government. ![]() Still, they are typically uniform in size and shape. ![]() They are always rectangular and do not have to meet any standards as long as they are within the allowed size for their zoning district. It can also be called a “parcel number,” depending on where you live.Ī block can also be called a platted subdivision, which may contain more than one lot. It is the smallest unit of property that can be sold or transferred separately from other lots in the same subdivision. The lot number should be included in the description if you have one. Types of Legal Description: 1) Lots and Block: It is a legal requirement for all residential and commercial properties. The legal description is a property’s location. Photo Credit: Canva What are the Types of Legal Descriptions? The direction in which one line runs from another point – A point at which one line ends, and another begins.A point at which one line ends and another begins.It is usually accompanied by a map or plat (a representation in two dimensions) that shows the location, size, shape, and boundaries.Ī legal description typically includes the following: The legal description of a property is a detailed record of the boundaries and dimensions of a parcel of land. Jan Susee and Wade Susee are licensed, practicing attorneys, fully knowledgeable of property development, construction, financing and management issues.What do you mean by Legal Description of Property? The company’s expertise extends across the gamut of property management issues, including compliance with intricate legal complexities inherent in the industry. Larger apartment communities have dedicated on-site maintenance personnel, while a well qualified staff of roving maintenance personnel are assigned to and rotate regularly among commercial and smaller apartment properties. The professional staff is experienced and knowledgeable in all aspects of operating and managing rental properties. In addition to market rate units, the company manages approximately 1,300 HTC units and 300 Section 8, Section 236, Home and Rural Development housing units. These properties range in size from an eight unit apartment building to a 190 unit property. From that beginning, and guided by a philosophy that has remained largely unchanged for more than 35 years, management has expanded to include nearly 60 properties encompassing over 3,000 units spread across Minnesota, North Dakota, Wisconsin and Iowa. Metes & Bounds originally managed smaller properties in South Minneapolis until 1978 when its first larger apartment building of 155 units in Hopkins, Minnesota, was completed.
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