Nevada Legal Description and Well or Unit Information are crucial aspects of land and energy management in the state of Nevada. These descriptions provide precise details about the boundaries of a property and the location of wells or units on the land. Understanding these terms is vital for landowners, real estate professionals, and energy companies operating in Nevada. Nevada Legal Description: In Nevada, a legal description is a specific written representation of the boundaries and location of a parcel or tract of land. It is typically used for legal and official purposes, such as property transfers, surveys, and taxation. The legal description should accurately define the boundaries of the property, including its shape, size, and any natural or artificial markers on the land. Different types of legal descriptions in Nevada include: 1. Metes and Bounds: This type of legal description relies on detailed measurements and distance references to define the boundaries of a property. It involves describing the property's boundaries by specifying its starting point (point of beginning) and then detailing the lengths and angles of the property lines. 2. Lot and Block: Often used in subdivisions or platted areas, this legal description assigns lots and blocks numbers to properties. It refers to a recorded map or plat that delineates various parcels of land within the subdivision using identifying lot and block numbers. 3. Government Rectangular Survey System: This legal description method divides land into rectangular sections based on the Public Land Survey System (PASS). It often references township, range, and section numbers to define the location of the property. Nevada Well or Unit Information: Well or unit information pertains to the characteristics and details of oil, gas, or other mineral wells on a property or within a designated drilling unit. Nevada imposes government regulations for the exploration and extraction of natural resources. Well or unit information is essential for managing these activities and ensuring compliance. Different aspects of well or unit information in Nevada include: 1. Well Identification: Each well in Nevada is assigned a unique identifier, typically called an API (American Petroleum Institute) number. This number helps in tracking and managing the well's activities and history. 2. Well Location: The well location includes the coordinates (latitude and longitude) pinpointing the exact spot where the well is drilled. Additionally, it may specify the county or township where the well is situated. 3. Production Data: This information refers to the amount of oil, gas, or minerals extracted from a well over a specific period. It includes production rates, total production volumes, and any relevant data related to the resources being extracted. 4. Drilling Unit: In Nevada, drilling for oil, gas, or minerals often occurs within a defined drilling unit. A drilling unit is a designated area approved for extraction, usually covering multiple properties or landowners. Information about the unit boundaries, participating landowners, and production-sharing arrangements is crucial for efficient and lawful resource management. Understanding Nevada Legal Description and Well or Unit Information is essential for property transactions, land planning, and energy resource management in the state. The accuracy and comprehensiveness of these descriptions enable smooth operations and compliance with regulatory requirements.
Nevada Legal Description and Well or Unit Information
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FAQ
As a spouse, you give up your interest in the property when you sign a quitclaim deed. This means that you no longer have a legal right to it. This does not, however, necessarily mean that you have yet to have any requests regarding the property.
Community Property with Right of Survivorship: A form of vesting title to property owned together by husband and wife or by domestic partners. This form of holding title shares many of the characteristics of community property but adds the benefit of the right of survivorship similar to title held in joint tenancy.
A conveyance of Nevada real estate must be evidenced by a deed signed by a property owner of lawful age or by the owner's authorized agent or attorney. Nevada law assumes that a deed transfer's the owner's entire interest?including any water rights or after-acquired title?unless the deed expressly limits the transfer.
A Nevada deed must contain a complete legal description of the transferred property. The assessor's parcel number alone is not a complete legal description. A deed with a legal description provided in metes and bounds must identify by name and address the person who prepared the description.
Nevada Revised Statutes (NRS) are laws that are enacted by the legislature. The primary laws that govern real estate are listed below. Changes to these laws may only be made through legislative action. You can follow changes to these laws by visiting the Nevada Legislature website.
LEGAL DESCRIPTION ? A description of a specific parcel of real estate complete enough for an independent surveyor to locate and identify it. The description is by subdivision name, lot and block in a platted subdivision, or parcel map.
The seller must complete the ?Seller's Real Property Disclosure? form, detailing the condition of the property, known defects, and any other aspects of the property which may affect its use or value. A real estate licensee, unless he is the seller of the property, may not complete this form.
