By Severie Orngard
Hello again and happy summer! It's time for July's term: "encumbrance". This term relates to last month's term, "easement".
Encumbrance - anything that burdens (limits) the title to property, such as a lien, easement, or restriction of any kind.
For example, an encumbrance could be an outstanding mortgage or unpaid property taxes. An encumbrance usually affects the transferability of real property and can affect its use until the removal of the encumbrance.
Hello again and happy summer! It's time for July's term: "encumbrance". This term relates to last month's term, "easement".
Encumbrance - anything that burdens (limits) the title to property, such as a lien, easement, or restriction of any kind.
For example, an encumbrance could be an outstanding mortgage or unpaid property taxes. An encumbrance usually affects the transferability of real property and can affect its use until the removal of the encumbrance.
"Encumbrance - anything that burdens (limits) the title to property, such as a lien, easement, or restriction of any kind."