Final answer:
The legal description of property in a sales agreement is always detailed and precise, covering dimensions, acreage, accurate property titles, and provisions for possession.
Step-by-step explanation:
Legal Description of Property in a Sales Agreement
When discussing the legal description of a property in an agreement of sale, it is always true that the description must be accurate and complete. This includes detailed information on the dimensions of the property and the calculation of the acreage based on those dimensions. The legal description is a definitive way to identify the property being transferred and must be detailed enough so that the property can be identified without ambiguity.
In the context of a sale, the property in question must have clear property titles to ensure that rightful ownership can be transferred to the buyer. Moreover, the agreement must acknowledge the right of the owner to enter into contracts regarding the sale of the property. An important aspect of such agreements is the clause pertaining to possession; if possession cannot be delivered as agreed due to various circumstances, provisions are made for the termination of the agreement and refunding any sums paid.
Overall, the legal description acts as a foundation for the transaction, outlining the rights and responsibilities of the involved parties, and sets the stage for the transfer of property ownership with clarity and precision.