Metes-And-Bounds Description at Real Estate Glossary

What is it? A legal description of a parcel of land that begins at a well marked point and follows the boundaries, using directions and distances around the tract, back to the place of beginning. (See legal description)

Real Estate Definition Added By: Gabriella

Send To Friends!

If you'd like to send the Metes-And-Bounds Description definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Metes-And-Bounds Description. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Real Estate Terms:

Real Estate Term Shared-Appreciation Mortgage (SAM) is A mortgage loan in which the lender, in exchange for a loan with a favorable interest rate, participates in the profits (if any) the borrower receives when the property is eventually sold.

Real Estate Term Market-Data Approach is Estimating a propertys value based on a comparison of the property with similar properties in the same locale that have sold recently. Also known as the direct sales comparison approach. (See appraisal)

Real Estate Term Bona fide is A legal term that refers to actions or persons that are honest and in good faith.

Real Estate Term Interest-Only is A term loan calling for payments of interest only, not to include any amount for principal. (See term loan)

Real Estate Term Covenant Of Warranty Forever is The grantor promises to compensate the grantee for the loss sustained if the title fails at any time in the future. These covenants in a general warranty deed are not limited to matters that occurred during the time the grantor owned the property they ext