A Florida developer is selling a rectangular parcel described as 'Beginning at the NE corner of Section 15, thence South 1,320 feet, thence West 2,640 feet, thence North 1,320 feet, thence East 2,640 feet to the point of beginning.' How many acres does this parcel contain?
Correct Answer
C) 80 acres
The parcel is 1,320 feet × 2,640 feet = 3,484,800 square feet. Dividing by 43,560 square feet per acre equals 80 acres. 40 acres would be half this size, 60 acres would be three-quarters this size, and 120 acres would be 1.5 times this size.
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Related Concepts
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
Riparian rights concern properties bordering flowing bodies of water (rivers, streams), while littoral rights concern properties bordering non-flowing bodies of water (lakes, oceans).
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Previous Question
A Florida real estate agent is preparing a listing agreement for a waterfront property in Miami-Dade County. The property deed references 'Lot 15, Block 3, Ocean View Subdivision, according to the plat thereof recorded in Plat Book 42, Page 18, of the Public Records of Miami-Dade County, Florida.' What type of legal description is being used?
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A buyer in Orlando is purchasing a condominium unit. The legal description in the purchase contract reads 'Unit 205, Building A, Sunset Gardens Condominium, according to the Declaration of Condominium recorded in Official Records Book 1847, Page 225, Orange County, Florida.' This description is valid under Florida law because: