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10 Cards in this Set
- Front
- Back
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Deeds must be |
1. IN writing 2. Signed by Grantor 3. Reasonably identify the parties and land. |
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Marketable Title |
Implied Warranty in FL that title is reasonably free from doubt at closing. |
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When it comes to Mortgages Florida is a |
Lien theory state |
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Promissory Note |
Unrecorded contract between the lender and the borrower outline the terms of the loan agreement. |
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Florida Requires what type of foreclosure |
Judicial |
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Easement |
A nonposessory interest to use land possessed by another or to restrict the use of another's land. |
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Implied Easement By necessity |
Sold Tract of land used for entrance and exit . It becomes land locked in Florida must be reasonably necessary for the beneficial use or enjoyment of the part granted or reserved. |
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Statutory Easement by necessity |
2. Land used for dwelling or agricultural purposes is shut off or hemmed in by lands, or other improvements. No reasonable route of entrance or exit is available Owner of servant estate gets compensation. |
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Easement by prescription |
Open and notorious adverse and hostile continuous for 20 years. Need not be exclusive and taking is permitted. |
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Negative easement |
Recognized in Florida a restrictive covenant that new owner takes subject to the easement. |
