Metes and bounds is a method used for what purpose in real estate?

Metes and bounds is a method that involves the use of physical features of the geography and measurements to define the boundaries of a parcel of land. This technique is particularly useful in areas where other forms of land description, such as lot and block, are not applicable due to irregular shapes or lack of established landmarks. By utilizing specific markers, distances, and directions, metes and bounds provides a clear and precise delineation of property lines.

This method is essential in real estate as it ensures that the actual dimensions and location of a property are accurately communicated, which is crucial for ownership, development, and legal purposes. Utilizing metes and bounds helps avoid disputes over property lines and clarifies the extent of one's ownership.

The other options do not accurately represent what metes and bounds is used for. While property taxes, financing agreements, and legal documents may relate to real estate transactions, they do not pertain specifically to the method of measuring and describing land boundaries that metes and bounds serves.