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| Legal DescriptionThe written description of a piece of land giving all pertinent information such as land lot, subdivision name, Block, parcel, acreage, etc. that comprises a legal and sufficient description of a particular property. For a real estate contract to be binding it must include an accurate legal description. See also:LandlordLate ChargeLead Based PaintLeaseLease PurchaseLease purchase optionLegal DescriptionLesseeLessorLienLifetime CapLis PendensListing AgentListing AgreementListing BrokerListing ContractListing or Listing AgreementLoan ApplicationLoan commitmentLoan CommitmentLoan OriginationLoan OriginatorLoan to ValueLock In |
