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A unit of real estate or immovable property is limited by a legal boundary (sometimes also referred to as a property line, lot line or bounds). The boundary (in Latin: limes ) may appear as a discontinuation in the terrain: a ditch, a bank, a hedge, a wall, or similar, but essentially, a legal boundary is a conceptual entity, a social construct ...
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
The Georgia General Assembly passed an act on December 5, 1853, to create Pickens County from portions of Cherokee and Gilmer Counties. [3] Pickens received several more land additions from Cherokee (1869) and Gilmer Counties (1858 and 1863); however, several sections of Pickens County have also been transferred to other counties: Dawson County (1857), Gordon County (1860), and Cherokee County ...
The existence of section lines made property descriptions far more straightforward than the old metes and bounds system. The establishment of standard east-west and north-south lines ("township" and "range lines") meant that deeds could be written without regard to temporary terrain features such as trees, piles of rocks, fences, and the like, and be worded in the style such as "Lying and ...
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Such plats can sometimes serve to relocate lot-lines or other features, but laws usually tightly restrict such use. [7] A vacating plat functions to legally void a prior plat or portion of a plat. The rules normally allow such plats only when all the platted lots remain unsold and no construction of buildings or public improvements has taken place.
Thus, if Oscar purports to sell a piece of land to Alice for $100,000, and the next day purports to sell exactly the same piece of land to Bob for another $100,000, then whichever of the two buyers is the first to reach the recording office and have the sale recorded will be deemed the owner of the property.
Metes and bounds is a system or method of describing land, real property (in contrast to personal property) or real estate. [1] The system has been used in England for many centuries and is still used there in the definition of general boundaries.