Property Law & Descriptions·Legal Descriptions

Chapter 1: Real Property Characteristics and Legal Descriptions (~7%)

1.1 — Real Property, Fixtures, and Legal Descriptions

Weight: ~7% | Study time: 60 min

Fixture analysis (manner, adaptation, intent, relationship); trade fixtures; appurtenances; three description methods (metes and bounds; government survey — 5th Principal Meridian; lot and block); encumbrances, liens, easements; mechanic's lien (4 months general; 2 months residential); Illinois property tax assessment (county assessor; equalization factor; paid in arrears).

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