Property Ownership
Florida's 'Marketable Record Title Act' (MRTA) protects a property owner with an unbroken chain of title for 30 years. However, MRTA does NOT extinguish which of the following?
AOld restrictive covenants not re-recorded within 30 years
BAncient mortgages from 40 years ago
CInterests held by the state or United States governments✓ Correct
DEasements that are no longer in use
Explanation
Florida's MRTA (F.S.
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Key Terms to Know
Chain of Title
The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
EasementA non-possessory right to use another person's land for a specific purpose.
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
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