In a Florida legal-description review, a parcel is described as the N1/2 of the SE1/4 of a section. Assuming a section contains 640 acres, how many acres are in the parcel?
Correct Answer
C) 80 acres
Apply each fraction to 640 acres in a section. The resulting parcel size is 80 acres.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A freehold estate represents ownership of real property with an indefinite duration.
Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.
A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.
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In Florida, what is the legal effect when a married couple takes title to real property without specifying the form of ownership?
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A cooperative building in Miami Beach has 100 shares outstanding. Sarah owns 8 shares, which entitle her to occupy a 2-bedroom unit. The annual maintenance and taxes total $240,000. What is Sarah's annual carrying charge?