A folio number is a unique identifier assigned to a specific parcel of real estate. It serves as a reference in the property tax system, land registry, and other legal documents pertaining to real estate transactions.
The folio number is typically made up of several digits that may represent various aspects of the property, such as the location, the specific plot, or even the municipality. This number helps government agencies, real estate professionals, and property owners easily locate information related to a property.
For instance, if you’re looking to buy or sell property, having the folio number can streamline the process of accessing property records, tax information, and any existing liens or claims on the property. It simplifies complex legal frameworks into an easy-to-use reference point.
In summary, understanding the folio number is essential for anyone involved in real estate as it plays a critical role in identification, valuation, and legal processes associated with properties.