Nevada Legal Description and Well or Unit Information
Description
How to fill out 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.
