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Define Point of Beginning (POB) in Real Estate
Point of Beginning (POB):
In real estate, the Point of Beginning (POB) is the starting and ending point in a metes and bounds legal description. This is the point from which the measurements and boundaries of a piece of property are described and determined.
Example:
Let's say that a property is described using a metes and bounds legal description. The description may start by stating the Point of Beginning (POB), which could be a specific physical location on the property or a reference to a nearby landmark. From this point, the legal description would detail the measurements and boundaries of the property in order to accurately describe its size and shape.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
The Point of Beginning marks the spot,
Where property boundaries are sought.
It's where measurements all begin,
For legal descriptions to get in.