What does it mean on the Purchase Contract when it asks "legal description?"

Are you sure your house is showing well, and has great pictures on the listing, and a compelling description?

Originally posted by Anish Tolia:Another way is to think about who would live in that neighborhoodA: Doctors, Lawyers, ExecutivesB: Nurses, salespeople, other white collarC: Truck Drivers, Retail Workers, Construction, other Blue CollarD: Welfare/Section 8/Drug dealers.I think this is a pretty good description for stereotypes, but I think drug dealers can live in C and B class areas too. 

Andrew Isaacs I agree this takes in many issues, maybe you can chime in on a modification of the by-laws to two areas for stock holders to manage, dividing the property by a legal description only within the holding company, allowing named stock holders to manage, sell, convey, encumber, etc. by special POA as this could be done without a change in title.

For example, I end up with a property with a Torrance, San Pedro or Harbor City address and zip, however the legal description indicates City of LA.As a busy trust and estate lender I had my eye off the ball and did not pay as much attention to the matter.

However, the Ohio Department of Commerce Division of Real Estate does say that posting an add to sell and assign your legal interest in a contract and posting a description of what that contract covers IS legal. 

@Tony Gunter description fits ALL Calif, especially slap floors. 

From the descriptions you provided, it sounds like nice finishings don't add a whole lot more value.Good luck!

I would try and stay out of her situation.A standard lease (make sure the description spells out what space is the tenants and what space is common) with an addendum of a roommate agreement (house rules) would be what I would use.You might want to get the specifics of what the "etc" is that she wants to avoid.

He has provided me with the following:- tax returns for last two years- breakdown of income and expenses for last two years by category- descriptive information on square feet, bedrooms, etc.He has asked me to have a look and come back to him with an indicative offer if I'm interested.