What are Metes and Bounds?§
Metes and bounds is a term that refers to a survey methodology used to define the legal boundaries of a piece of real estate. Conducted by a professional surveyor, these surveys are essential documentation for recording real estate transactions.
The Survey Process§
A trained surveyor performs a metes and bounds survey by referencing prior documentation of adjacent properties, followed by an on-site survey of the specific property in question. This comprehensive survey results in a legally binding document that accurately defines the property’s exact borderlines.
Importance in Real Estate§
Metes and bounds surveys are crucial in the process of buying or selling property as they provide precise definitions of property limits. Depending on local laws, these surveys often need to be updated each time the property changes ownership.
Variability Factors§
It’s common to encounter slight discrepancies between different surveys of the same property over time. These variations can result from differing survey instruments, weather conditions during the survey, or natural shifts in the property over time.
Conclusion§
Understanding metes and bounds is fundamental for property owners, buyers, and land developers to ensure clear, legally documented property boundaries and to facilitate smooth real estate transactions.
Related Terms: Land Survey, Property Lines, Real Estate Transactions, Surveyor, Legal Documentation.
