Queens New York Legal Description and Well or Unit Information

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Queens
• Control #: US-OG-1204
• Format: Word; Rich Text

Description

This form is used for legal description and well or unit information. Queens New York Legal Description and Well or Unit Information play a crucial role in land ownership, real estate transactions, and the exploration of natural resources. Here is a detailed description explaining the concept and types of these terms. 1. Queens New York Legal Description: The legal description in Queens New York refers to the precise and comprehensive information that identifies a specific property within the borough. It is typically used in legal documents, deeds, and contracts to accurately locate and describe the property boundaries. This description ensures clarity and minimizes the chances of confusion or disputes regarding ownership. Keywords: Queens New York legal description, property boundaries, land ownership, real estate, legal documents, deeds, contracts. 2. Well or Unit Information: In the context of Queens New York, well or unit information pertains to the drilling and extraction of natural resources, primarily oil or gas. Wells are drilled vertically or horizontally into the ground to reach reserves, and each well is assigned a unique identifier or unit. This information is crucial for regulatory compliance, assessing productivity, and determining ownership rights, royalties, and revenue sharing. Keywords: Queens New York well information, unit information, natural resources, drilling, extraction, reserves, ownership rights, royalties, revenue sharing. Types of Queens New York Legal Description: 1. Metes and Bounds: Metes and bounds is a traditional method of legal description that relies on a detailed written description of a property's boundary lines. It uses a combination of physical land features, compass directions, distances, and angles to define the property's shape and size. This method is commonly used in older properties or irregularly-shaped parcels. Keywords: Metes and bounds, property boundary lines, physical land features, compass directions, distances, angles, irregularly-shaped parcels. 2. Lot and Block System: The lot and block system, also known as the recorded plat system, is a commonly used legal description method for properties located in subdivisions or planned developments. Each lot is assigned a number, and the blocks encompass several lots. This method simplifies the legal description process by referring to an official recorded plat map that provides precise details of the property's location within the subdivision. Keywords: Lot and block system, recorded plat system, subdivisions, planned developments, lot numbers, block numbers, precise details, plat map. 3. Street Address: A street address legal description is the simplest and most commonly used method. It uses the property's physical mailing address to identify its location and boundaries. This method is prevalent in urban areas with a well-established address system and more straightforward property layouts. Keywords: Street address legal description, mailing address, location, boundaries, urban areas. In conclusion, Queens New York Legal Description and Well or Unit Information are essential components in land ownership, real estate transactions, and resource exploration. They provide accurate information about property boundaries and the drilling of natural resources, allowing for legal compliance, clear identification, and effective management. The different types of legal description methods, such as metes and bounds, lot and block system, and street address, cater to various property types and varying degrees of complexity.

Queens New York Legal Description and Well or Unit Information play a crucial role in land ownership, real estate transactions, and the exploration of natural resources. Here is a detailed description explaining the concept and types of these terms. 1. Queens New York Legal Description: The legal description in Queens New York refers to the precise and comprehensive information that identifies a specific property within the borough. It is typically used in legal documents, deeds, and contracts to accurately locate and describe the property boundaries. This description ensures clarity and minimizes the chances of confusion or disputes regarding ownership. Keywords: Queens New York legal description, property boundaries, land ownership, real estate, legal documents, deeds, contracts. 2. Well or Unit Information: In the context of Queens New York, well or unit information pertains to the drilling and extraction of natural resources, primarily oil or gas. Wells are drilled vertically or horizontally into the ground to reach reserves, and each well is assigned a unique identifier or unit. This information is crucial for regulatory compliance, assessing productivity, and determining ownership rights, royalties, and revenue sharing. Keywords: Queens New York well information, unit information, natural resources, drilling, extraction, reserves, ownership rights, royalties, revenue sharing. Types of Queens New York Legal Description: 1. Metes and Bounds: Metes and bounds is a traditional method of legal description that relies on a detailed written description of a property's boundary lines. It uses a combination of physical land features, compass directions, distances, and angles to define the property's shape and size. This method is commonly used in older properties or irregularly-shaped parcels. Keywords: Metes and bounds, property boundary lines, physical land features, compass directions, distances, angles, irregularly-shaped parcels. 2. Lot and Block System: The lot and block system, also known as the recorded plat system, is a commonly used legal description method for properties located in subdivisions or planned developments. Each lot is assigned a number, and the blocks encompass several lots. This method simplifies the legal description process by referring to an official recorded plat map that provides precise details of the property's location within the subdivision. Keywords: Lot and block system, recorded plat system, subdivisions, planned developments, lot numbers, block numbers, precise details, plat map. 3. Street Address: A street address legal description is the simplest and most commonly used method. It uses the property's physical mailing address to identify its location and boundaries. This method is prevalent in urban areas with a well-established address system and more straightforward property layouts. Keywords: Street address legal description, mailing address, location, boundaries, urban areas. In conclusion, Queens New York Legal Description and Well or Unit Information are essential components in land ownership, real estate transactions, and resource exploration. They provide accurate information about property boundaries and the drilling of natural resources, allowing for legal compliance, clear identification, and effective management. The different types of legal description methods, such as metes and bounds, lot and block system, and street address, cater to various property types and varying degrees of complexity.