What term accurately locates and identifies the boundaries of the subject parcel of property?

The term that accurately locates and identifies the boundaries of the subject parcel of property is a legal description. A legal description provides a precise and formal method of describing a piece of real estate, which is essential for legal purposes, such as in deeds, contracts, and court cases. It ensures clarity and accuracy in property boundaries by using specific terms and references, often based on survey data, coordinates, and established landmarks.

In real estate transactions, having a clear legal description is crucial, as it outlines exactly what is being bought or sold, preventing disputes over property lines. Unlike the other options, which serve different purposes, a legal description is specifically designed to define the geographic and spatial limits of a property.

Boundary surveys are typically conducted to measure and mark these boundaries accurately but do not serve the formal legal function of a legal description. A title report pertains to the history and ownership of a property but does not define its boundaries. A property appraisal focuses on determining the market value of the property but does not concern itself with boundary identification.