How is a legal description defined in real estate?

A legal description is crucial in real estate as it provides a precise and unambiguous way to define the boundaries and characteristics of a specific parcel of land. This description is formulated in such a manner that it can be referenced by surveyors and other professionals to accurately locate and identify the property. Typically, legal descriptions include details such as the lot number, block number, and the section within the township, often accompanied by a survey that illustrates the physical dimensions and boundaries of the property.

The other options do not capture the essence of a legal description. For instance, a document indicating property tax assessments relates to the valuation and taxation of the property, but it does not provide a physical description of the land. A summary of property ownership history outlines who has owned the property over time but does not detail its boundaries or location. Similarly, a valuation of the property for insurance purposes focuses on determining the monetary value of the property rather than describing its physical characteristics. Thus, the specific and detailed nature of choice C makes it the correct definition of a legal description in real estate.