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Encumbrances questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating
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Encumbrances questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

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Información del documento

  • 5 de agosto de 2024
  • 2
  • 2024/2025
  • Examen
  • Preguntas y respuestas

Temas

  • encumbrances

Escuela, estudio y materia

  • Commercial Construction
  • Commercial Construction

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AnswersCOM

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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:

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