Encumbrances
A dominant estate - ANS-Rich buys a tact of land and receives an easement to cross
Sam's property to access a community lake. Rich is benefiting from the easement and
thus has:
A mechanic's lien - ANS-When a firm is not paid after furnishing material for the
construction of an apartment building, the firm may file:
Abatement - ANS-If a property owner would like to eliminate a nuisance, which of the
following actions would apply?
Ad Valorem Liens - ANS-What lien has priority?
An encroachment - ANS-After a buyer purchases a property, he has a survey made and
finds that his neighbor recently built a fence on the buyer's land. This is an example of:
Blanket - ANS-When a loan is written that contains a lot release clause, the loan is
called:
Common area - ANS-The area owned together by all owners of a condominium project
and available for all owners' use is termed:
Easement - ANS-Which of the following would be considered an encumbrance but not a
lien?
Judgements - ANS-What would be considered a general lien?
Lessee - ANS-A non-disturbance clause would most likely benefit the:
Lien is not valid, as it was not recorded in the required time. - ANS-An owner of a
commercial building hires and pays a contractor, however the contractor fails to pay
subcontractor and files bankruptcy. Subcontractor files a mechanic's lien within 125
days from work completion. What is true?
Preparing the estoppel certificate - ANS-When a loan is created using real estate as
security, what would be the primary lender least consider?
Property use - ANS-Covenants, conditions and restrictions would limit:
A dominant estate - ANS-Rich buys a tact of land and receives an easement to cross
Sam's property to access a community lake. Rich is benefiting from the easement and
thus has:
A mechanic's lien - ANS-When a firm is not paid after furnishing material for the
construction of an apartment building, the firm may file:
Abatement - ANS-If a property owner would like to eliminate a nuisance, which of the
following actions would apply?
Ad Valorem Liens - ANS-What lien has priority?
An encroachment - ANS-After a buyer purchases a property, he has a survey made and
finds that his neighbor recently built a fence on the buyer's land. This is an example of:
Blanket - ANS-When a loan is written that contains a lot release clause, the loan is
called:
Common area - ANS-The area owned together by all owners of a condominium project
and available for all owners' use is termed:
Easement - ANS-Which of the following would be considered an encumbrance but not a
lien?
Judgements - ANS-What would be considered a general lien?
Lessee - ANS-A non-disturbance clause would most likely benefit the:
Lien is not valid, as it was not recorded in the required time. - ANS-An owner of a
commercial building hires and pays a contractor, however the contractor fails to pay
subcontractor and files bankruptcy. Subcontractor files a mechanic's lien within 125
days from work completion. What is true?
Preparing the estoppel certificate - ANS-When a loan is created using real estate as
security, what would be the primary lender least consider?
Property use - ANS-Covenants, conditions and restrictions would limit:
