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?
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What is the right of an owner of a parcel of land to travel over an adjoining parcel of land known as?
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What is the property that benefits from the easement right called?
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What is a promise by a property owner not to do something called?
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What is a condition that would prohibit a property owner from transferring title to the property known as?
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What is a prohibition in a deed against a property use known as?
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What is an improvement that extends onto an adjacent property without permission called?
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Study Notes
Key Terms and Definitions
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Encumbrances: Liens categorize various claims against a property that may affect its transferability and value.
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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.
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Preliminary Notice Requirement: Filing a mechanic's lien necessitates issuing a preliminary notice to inform parties involved of any potential claims against the property.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
