Florida Regulations > Chapter 66B-3 – Florida Inland Navigation District Land Acquisition Procedures
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Terms Used In Florida Regulations > Chapter 66B-3 - Florida Inland Navigation District Land Acquisition Procedures
- Appraisal: A determination of property value.
- Bequest: Property gifted by will.
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Fiduciary: A trustee, executor, or administrator.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Grantor: The person who establishes a trust and places property into it.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Statute: A law passed by a legislature.