Description

Definition of "Description"

Formal or legal description of property and its dimensions included in deeds, leases, listing agreements, rental agreements, and sales contracts.

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Legal Description

A description of real property including metes and bounds, government rectangular survey, or lot numbers of a recorded plat. All property deeds have a ...

Declarations Section

In property and casualty insurance, contract section containing such information as name, description, and location of insured property; name and addr ...

Deed Description

Property description contained in a title deed. A deed description is intended to inform a reasonable person where property is located. It can be de ...

Loan Application

A form completed out by a borrower specifying personal and financial data to be considered by the lender in evaluating borrower risk. The information ...

Front Foot

A property measurement of the front footage of a parcel of property adjoining the street. In urban areas, the front foot measurement is an extremely i ...

Listing

Legal contract with a property owner empowering a real estate agent in selling, leasing, or mortgaging the principal's property. A listing has a legal ...

Popular Real Estate FAQ

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

If I Want To Buy A House And I Know The Property And The Seller Already Have An Agent, Can I Act As My Own Agent And Negotiate A Lower Fee?

You probably don't have the correct knowledge to represent yourself. The seller pays the real estate commission, not the buyer, and real estate commis ...

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