Unit 1 Flashcards
Appurtenances
Attached to.
Example: land includes appurtenances. The things attached to the land (built on)
3 Rights
Air rights
Surface rights
Sub surface rights
Riparian
Rights to a river, lake, or ocean
Erosion
Gradual loss of land
Accretion
Gradual gain of land
Sub surface rights
All rights to minerals under you fo be reserved or transferred
Air rights
-Government controls air space
-owners may not interfere
All of the following are physical components of land except
Air rights
Surface rights
Sub service rights
Timber rights
(Timber rights)
Example of improvement
Anything attached to land
Chattel
Everything that is not actual real estate
(Furniture, personal stuff)
Washer
Dryer
Fridge
(Must be added to agreement)
Addendum must be added for ^
Law of Fixtures
An object that was once personal property but has been attached to an improvement so as to become real estate
Attachment
Permanent or not
Adaption
Built in or custom made
Agreement
In writing
3 As
Attachment, Adaption, Agreement
Scarcity
Limited supply of land
Situs
Location
Location
Location
The economic characteristic that deals with the value of land being affected by actions in the surrounding area
Situs
Immobility
Land cannot be moved
Indestructibility
Land is permanent
Uniqueness
No two parcels of land are the same
Metes and Bounds
Metes = Measures
Bounds = Shape or boundaries
Begin and end at point of beginning
Measure in clockwise direction
POB
Point of beginning
Natural or Man made monument
The point in which a metes and bounds description ends is called the point of ending
False
POB (true)
NESW
N 0 degrees
E 90 degrees
S 0 degrees
W 90 degrees
Tallahassee principal Meridian
36 principle meridians in entire state
Tallahassee base line
East west line
Ranges
6 miles wide and run north to south
Range 1
(Tier)
6 miles from Meridian
Range 2
12 miles from meridian
Town ships
36 square mile
6 miles squared
Town ship
640 acres
36 miles
36 sections
43,560 sqft
Each section 1 by 1 mile
How many acres in the NW 1/4 of the SW 1/4 of the SE 1/4 of the SE 1/4
2.5 acres
To convert aceage to square feet multiply the number of acres by 43,560 square feet per acre
How many square feet is in 3 acres?
130,680 sqft
In relation to the principal Meridian, what is the location of 30, township 3 South range 4 east
18 miles east
What direction does a line run from a given point North 90 East?
E-W
East to west
What are the North/South line and the East/West line that intersect
Principal Meridian and base line
What is the proper order when expressing the range, township and section?
Section, Township, Range
Plat map
Plat is a map that shows the lots, divisions, and street locations when a parcel is subdivided
Dedication
Is the transfer of land, such as roadways or other public spaces, to a government body for public use
A tract of land measuring 330 feet wide by 1,320 feet deep would contain:
10 acres
330x1320 = 435,600 square feet; 435,600 divided 43,560 = 10 acres
Gradual loss of land due to natural causes
Erosion
An item effixed to land with the intent of being permanent
Improvement
All property other than real estate
Chattel
An object that was once personal property but has been attached to an improvement as to become
real estate
Land in improvements in the rights to own and use them
Real estate real property
Tenant installed additions which are a necessary part of the tenants trade or business
Trade fixtures
These belong to tenant
The economic characteristics of real property that causes land to be affected in the surrounding areas
Situs
(Location)
A type of property description that utilizes distance and direction to proceed around the property to return in point of the beginning
Meets and bounds
P.O.B
(Beginning and end)
Clockwise
. .
. .
Survey pins
Monuments
A recorded map that shows the lots divisions and street locations in a sub division
Lot and block
A recorded plat
The imaginary north and south line that intersects the base line and is used as a reference line for numbering ranges
Principal Meridian
Florida Principal Meridian
Tallahassee principal Meridian
Principal Meridian
Main principal Meridian
Base line that intersects main line
-Vertical line (Range line) Every 6 miles from main meridian
-Horizontal line (Tier Line) every 6 miles from Base line
Little squares 6 miles by 6 miles (Town ship)
Inside town ship 36 individual squares Mike by mile (Sections)
