Principles of Real EstateCâu 14 / 120
A lien placed against a property as security for the repayment of a debt is best described as a(n):
a.Physical intrusion onto neighboring land
b.Financial encumbrance on title
c.Transfer of full ownership
d.Government zoning classification
Giải thích
A lien is a claim or encumbrance against property that secures payment of a debt or obligation. Common examples include mortgages, property tax liens, and mechanic's liens. Liens generally must be satisfied before clear title can transfer.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The highest and most complete form of ownership interest in real estate is:
- An estate that lasts only for the duration of a specified person's life is a:
- The right of one party to use another's land for a specific purpose, such as a driveway or utility line, is a(n):
- A structure or improvement that unlawfully extends over a property boundary onto a neighbor's land is called a(n):
- Private restrictions on land use created by a developer and recorded to control a subdivision are commonly called:
- A homeowners' association (HOA) most commonly has the authority to:
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