Ch. 1 Terms Flashcards

1
Q

3 PHYSICAL characteristics of land

A

Immobility
Non-Homogeneity (unique)
Indestructibility

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2
Q

Situs

A

Location, location, location.

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3
Q

Economic characteristics of land

A

Situs, Improvements, Scarcity

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4
Q

Fixed Investment

A

Improvements that are made with the intent of lasting a long time.

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5
Q

Scarcity

A

The less available land where needed, the more valuable the land.

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6
Q

Spot Survey

A

Process of locating the exact boundaries, shape, and area, as well as the improvements on the land.

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7
Q

Plat of Survey

A

Shows location and boundaries of a land parcel and may show subdivision.

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8
Q

Metes and bounds

A

Identifies the parcel by describing its boundaries. in GA Metes and bounds description are only used for undeveloped land.

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9
Q

Metes

A

Distance and direction

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10
Q

Bounds

A

Landmarks or monuments

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11
Q

Artificial monuments

A

Man-made stakes, metal pins, concrete markers, roads, walls or fences

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12
Q

Natural monuments

A

Trees, rocks

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13
Q

Benchmark

A

Point of beginning (metes and bounds)

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14
Q

T/F

Metes and Bounds description is the best method to use to describe an irregularly shaped lot

A

True

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15
Q

Rectangular Survey/Government survey

A

NOT USED IN GEORGIA!

North-south lines are Principal Meridians

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16
Q

Characteristics of Rectangular Survey/Gov’t survey

A

Meridian, survey, baseline.

17
Q

Baseline

A

East to west

18
Q

Principal meridians

A

North-south

19
Q

Township

A

36 square miles

20
Q

Section

A

(inside the township) 1x1 square mile

21
Q

How many sections are in 1 township?

22
Q

what is the size of 1 section of land

23
Q

Calculate square feet

A

Length x Width

24
Q

Convert square feet to acres

A

divide by 43,560

25
Recorded Plat (Short form)
Legal Description used in Ga. Land is divided into blocks Blocks are divided into lots.
26
Vertical Land Description
Used for the description of air lots
27
Datum
A point from which height or depth can be measured.
28
Topographic/Contour
Map showing the shape of the earth's surface.
29
Three cases where the legal description can not be used.
1. Seller isn't selling the entire tract of land 2. Seller has previously sold part of the land 3. when a recent survey in in conflict with the description on the deed.