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Updated over 8 years ago on . Most recent reply

User Stats

81
Posts
27
Votes
Wei Xie
  • Investor
  • Irvine, CA
27
Votes |
81
Posts

Legal description necessary for lease agreement?

Wei Xie
  • Investor
  • Irvine, CA
Posted

Dear BP members,

I am studying for Cal Real Estate Principles course for my salesperson license. The textbook suggests

"... a contract that conveys an interest in real estate must:

 * be in writing

  * contain a legal description of the property

  * be signed by one or more of the parties

..."

While I have seen plenty of sales contracts employing legal description, i.e., lot and block, I have never seen any lease that involves such descriptions. All the leases that I see use street address. Is it really necessary?

Thanks, -Wei

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