Chapter 1 - Property Flashcards
Describe method of identifying fixtures
MARIA
Modification, attachments, relationship to parties, intentions of annexing party, agreement.
Physical characteristics of land
Immobility, non homogeneity, indestructibility
What are the economic characteristics of land
Situs, improvements, fixed investment, scarcity.
What are the types of legal description?
- Metes and bounds
- Rectangular survey
- Recorded plat or short form
Describe metes and bounds
Metes are distances and directions.
Bounds are landmarks or monuments.
Bearings are the compass directions from monument to monument.
The direction and distance is known as a call.
Describe rectangular survey.
Uses longitude lines and principal meridians and latitude lines and base lines.
It divides county into townships by range lines that run N and S
Township lines run E and W
Describe a Township.
It is 6 miles to a side or 36 sq miles and each are divided into 36 sections and are 1 mike to a side.
640 acres in 1 sq mile
How many Sq ft in 1 acre?
43560 sq ft
Describe the recorded plat description.
Most convenient legal description.
Letters and numbers are assigned to each lot.
Recoded at the county courthouse.
All future descriptions need only to recite name of subdivision, lot and block #, book and page #, land lot district county and state.
What is datum?
Base point from which height or depth can be measured using a vertical land description.
Where can you find a legal description in GA?
Sellers Dean or security deed
I’m sellers plat of survey
On subdivision plat
Public records of the county
Circumstances when legal description cannot be used.
When seller is not selling the entire tract of land
When seller has previously sold part of the land
When a recent survey is in conflict with the description on a deed
