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Property Rights EstatesLegal_descriptions_flMEDIUM

Compliance case Granite Checklist frames the issue this way. In a Miami transaction, a buyer wants the Florida rule on point of beginning. Which statement is correct?

Correct Answer

A) A lot-and-block legal description refers to a recorded plat or subdivision map.

A lot-and-block legal description refers to a recorded plat or subdivision map. This follows Florida surveying/title practice; Pearson VUE Florida Sales Associate CIB.

Answer Options
A
A lot-and-block legal description refers to a recorded plat or subdivision map.
B
A point of beginning belongs only in condominium descriptions.
C
A lot-and-block description is the same thing as metes and bounds because both begin at a point of beginning.
D
A legal description is unnecessary if the contract includes the postal address and ZIP code.

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Related Topics & Key Terms

Key Terms:

floridastate_portionlegal_descriptions_flproperty_rights_estates

Related Concepts

Condominium ownership involves owning a unit of airspace within a multi-unit building plus an undivided interest in the common elements shared with other unit owners. Each unit is separately taxed and financed.

In a cooperative (co-op), the building is owned by a corporation, and residents purchase shares of stock in the corporation that entitle them to a proprietary lease on a specific unit. Residents are shareholders, not property owners.

Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.

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