4. Encumbrances

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Questions and Answers

When must a mechanic's lien be filed if the owner files a notice of completion?

  • Within 90 days after work stops
  • Within 60 days after the project is completed
  • Within 15 days after the project is completed (correct)
  • Within 30 days after work has stopped

What happens if a mechanic's lienholder does not start foreclosure proceedings within how many days of filing the lien?

  • 45 days
  • 90 days (correct)
  • 30 days
  • 60 days

What is one characteristic of a Judgment Lien?

  • It attaches to the judgment debtor's property (correct)
  • It results from winning a lawsuit against the judgment debtor
  • It does not attach to any property of the judgment debtor
  • It is voluntarily created by the property owner

If an owner files a notice of cessation, when can a mechanic's lien be filed?

<p>After work has stopped for 30 continuous days, whether project finished or not (C)</p> Signup and view all the answers

What is the right to use someone else's land for a particular purpose?

<p>Easement by prescription (A)</p> Signup and view all the answers

What is the most common type of appurtenant easement?

<p>Ingress/egress easement (B)</p> Signup and view all the answers

What type of easement is most common for ingress/egress?

<p>Easement by necessity (B)</p> Signup and view all the answers

What is a characteristic of a license in real estate?

<p>It is revocable (B)</p> Signup and view all the answers

Which statement about encroachments is true?

<p>Encroachments can lead to a lawsuit for ejectment (A)</p> Signup and view all the answers

In real estate, what does failure of purpose refer to?

<p>The inability to use an easement for its intended purpose (C)</p> Signup and view all the answers

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