What's a legal description? Unset starred question A description of the land that specifies the boundaries and location of a specific piece of real property An object used as a boundary or starting point for a metes and bounds description A professional, on-site measurement of the lot lines and dimensions of a property, including the location of any improvements (such as a house) on the lot, any encroachments that may exist, and any easements of public record The street address of a property, including the city, state, and zip code (also known as a "mailing address")

A description of the land that specifies the boundaries and location of a specific piece of real property.

Explanation:

A property right is the exclusive or sole authority which determines the legal ownership of resources and how these resources are to be used, whether by individuals or government.

An equitable title can be defined as the right of an individual to use and enjoy an asset (property) due to his or her financial interest in the asset.

On the other hand, a legal title can be defined as the actual (absolute) ownership of a property that is recognized and enforceable in a court of competent jurisdiction.

On a related note, legal description is a description of the land which typically specifies the boundaries and location of a specific piece of real property such as house, land, etc. Thus, it can be used by land surveyors to accurately estimate or determine property lines at a future.

answer; no individual buyer or seller has any significant impact on the market price;