In a Tampa transaction, a buyer wants the Florida rule on point of beginning. Which statement is correct?
Correct Answer
C) A condominium legal description typically identifies the unit and the declaration or book-and-page references rather than only a street address.
A condominium legal description typically identifies the unit and the declaration or book-and-page references rather than only a street address. This follows Florida surveying/title practice; Pearson VUE Florida Sales Associate CIB.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Community property is a system where property acquired during a marriage is owned equally by both spouses.
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.
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Previous Question
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:
Next Question
A Tampa Bay area property has a metes and bounds legal description that begins 'at a concrete monument located 50 feet North of the centerline of State Road 60.' The description then provides various courses and distances before returning to the point of beginning. What is the significance of the concrete monument in this description?