Podcast
Questions and Answers
A mechanic's lien requires _____
A mechanic's lien requires _____
preliminary notice
What is the right of an owner of a parcel of land to travel over an adjoining parcel known as?
What is the right of an owner of a parcel of land to travel over an adjoining parcel known as?
an easement
A promise by a property owner NOT to do something is called a _____
A promise by a property owner NOT to do something is called a _____
covenant
A prohibition in a deed against a property use is known as a _____
A prohibition in a deed against a property use is known as a _____
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What do we call the property that benefits from the easement's right?
What do we call the property that benefits from the easement's right?
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What is a condition that would prohibit a property owner from transferring title to the property known as?
What is a condition that would prohibit a property owner from transferring title to the property known as?
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Which of the following could NOT file a mechanic's lien?
Which of the following could NOT file a mechanic's lien?
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Liens are classified as _____
Liens are classified as _____
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A notice of nonresponsibility would protect an owner from _____
A notice of nonresponsibility would protect an owner from _____
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An improvement that extends onto an adjacent property without permission is called an _____
An improvement that extends onto an adjacent property without permission is called an _____
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Study Notes
Mechanic's Lien
- A mechanic's lien requires preliminary notice to be hand-delivered or sent via first-class registered or certified mail to property stakeholders if intent to file the lien exists.
Easement
- The right of an owner to travel over an adjoining parcel is classified as an easement, allowing use of another's land for specific purposes.
Covenant
- A covenant is a promise by a property owner to refrain from specific actions, often enforced through injunctions or money damages.
Restriction
- Restrictions in a deed limit property use, commonly implemented through covenants, conditions, and the uniform appearance of homes by subdivision developers.
Dominant Tenement
- The land benefitting from an easement is termed the dominant tenement, while the land burdened by the easement is referred to as the servient tenement.
Restraint on Alienation
- A restraint on alienation prohibits a property owner from transferring title and is legally ineffective; for example, requiring grantor consent for property sale.
Mechanic's Lien Eligibility
- A home improvement lender cannot file a mechanic's lien. Qualified individuals include contractors, subcontractors, architects, and those who provide materials upon the owner's request.
Liens as Encumbrances
- Liens are categorized as encumbrances, impacting the fee simple title and property use. They secure payment for debts or obligations against the property.
Notice of Nonresponsibility
- Posting a notice of nonresponsibility protects property owners from mechanic's liens arising from unauthorized work. This must be done within ten days of awareness, including specific details in the notice.
Encroachment
- An encroachment refers to an improvement that unlawfully extends beyond property lines, such as fences or building eaves, infringing on adjacent properties.
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Description
Test your knowledge with this quiz based on Chapter 5 of Real Estate Principles Edition 10. Dive into concepts such as mechanic's liens and property rights. Perfect for students and professionals looking to solidify their understanding of real estate principles.
