Questions and Answers
What are liens classified as?
Encumbrances
Which of the following could NOT file a mechanic's lien?
What does a mechanic's lien require?
Preliminary notice
What does a notice of non-responsibility protect an owner from?
Signup and view all the answers
What is the right of an owner of a parcel of land to travel over an adjoining parcel of land known as?
Signup and view all the answers
What is the property that benefits from the easement right called?
Signup and view all the answers
What is a promise by a property owner not to do something called?
Signup and view all the answers
What is a condition that would prohibit a property owner from transferring title to the property known as?
Signup and view all the answers
What is a prohibition in a deed against a property use known as?
Signup and view all the answers
What is an improvement that extends onto an adjacent property without permission called?
Signup and view all the answers
Study Notes
Key Terms and Definitions
-
Encumbrances: Liens categorize various claims against a property that may affect its transferability and value.
-
Home Improvement Lender Mechanics: Not all entities involved in home improvement financing have the authority to file a mechanic's lien; certain lenders may be excluded.
-
Preliminary Notice Requirement: Filing a mechanic's lien necessitates issuing a preliminary notice to inform parties involved of any potential claims against the property.
-
Mechanic's Lien Protection: A notice of non-responsibility safeguards property owners from liabilities incurred by Contractors or subcontractors if they did not authorize the work.
-
Easement Definition: An easement is the legal right permitting the owner of one parcel to access or travel over a neighboring parcel, often utilized for access or utility purposes.
-
Dominant Tenement: The term refers to the property that benefits from an easement. The dominant tenement enjoys the right over an adjacent property, known as the servient tenement.
-
Covenant: A covenant is a binding promise made by a property owner, typically agreeing not to engage in certain actions that could affect the property or neighboring properties.
-
Restraint on Alienation: This term describes conditions that restrict a property owner's ability to sell or transfer title, which may limit ownership rights under certain circumstances.
-
Restrictions in Deeds: Restrictions are clauses in a deed that prohibit specific uses of a property, often used to maintain community standards or property values.
-
Encroachment: An encroachment occurs when an improvement, such as a fence or building, unintentionally extends onto adjacent property without the owner's consent, potentially leading to legal disputes.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge on key concepts of encumbrances, liens, and easements with this quiz focused on Chapter 5 of Real Estate. Each flashcard will challenge your understanding and recall of important terminology and definitions in real estate law.