Property OwnershipIntermediateAlabama Exam
A property described as 'the NW 1/4 of the NE 1/4 of Section 5' in the rectangular survey system contains how many acres?
A10 acres
B20 acres
C40 acresCorrect
D80 acres
Why 40 acres Is Correct
Answer C: 40 acres
One section = 640 acres. NE 1/4 = 160 acres.
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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