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23 Cards in this Set
- Front
- Back
- 3rd side (hint)
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the Northwest quarter of section 4 contains how many acres |
160 |
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A Township is how many square miles |
A Township is 6 Miles Square and contains 36 square miles |
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A tract of land measuring 330 ft wide by 1320 ft deep would contain how many acres: |
330x1320= 435,600 sq ft; 435,600÷43,560= 10 acres |
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The definition of real estate includes: |
Buildings affixed to the Land, Air space above the land, substances below the surface of the land |
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Is personal property permanently attached? |
Personal property is not permanently attached (like a freestanding fridge is personal property, a ceiling fan is a fixture) |
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If a developer bought a Hundred Acre parcel to subdivide into 1 acre home sites which of the following methods of legal description would best achieve the developers objective |
A government Survey System b. monuments C recorded plat D metes and Bounds |
C a recorded plat is a simplest way to divide a large parcel into smaller Lots |
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What is another name for recorded plat |
Lot and block |
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Define a plat A a method of legal description using sections townships and ranges B. an informal reference to properties and a Neighbourhood C. A document used to record a subdivision of land D. An instrument used by surveyors to locate property boundaries |
C a plat is a map showing the location and boundaries of lots in a subdivision. The plat is placed in the public records. |
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Which is true about mineral rights? They represent an interest in personal property B. They can be reserved by the seller and the buyer agrees C. They belong to the state of Florida D. Solid mineral rights are an interest in real estate and liquid mineral rights are considered to be personal property. |
B. Mineral rights, surface rights, and air rights may be transferred or retained by the seller |
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The tenant installed shelves as part of her business. At the conclusion of the lease the tenant : A. May Remove them after reimbursing the landlord B.Must leave the shelves C. May remove the shelves & not required to reimburse the landlord D.must leave the shelving, but may demand that the landlord reimburse her |
C. Trade fixtures are the tenants personal property and can be removed |
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How does the metes and bounds method of legal description describe the boundries of a property? |
It uses distance and direction measurements |
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What items start out as personal property, but are fixed to the land or Improvement in such a way that they are now legally part of the real estate? |
Fixture |
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What are the 3 components of land? |
Air, surface, and sub-surface rights are the 3 components of land |
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Define erosion |
The gradual loss of land due to natural forces |
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The Tallahassee principal meridian and baseline is the starting point for FL govt survey descriptions. |
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Situs |
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The physical characteristics of real estate are immobility, indestructibility and uniqueness (C ) |
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D. 12 |
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A. Baseline Baseline is the reference line for numbering tiers (north or south of the baseline). The principal meridian runs N-S and is perpendicular to the baseline. |
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