Restrictions on use or transfer of real property are known as what?

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Prepare for the Real Estate Ownership Exam with multiple choice questions, flashcards, and detailed explanations. Master land use controls and financing to excel on your test.

Multiple Choice

Restrictions on use or transfer of real property are known as what?

Explanation:
Restrictions on use or transfer of real property fall under the broad category of encumbrances. An encumbrance is any claim, right, or liability that burdens a property and can affect its transfer or how it’s used. Examples include forms of private restrictions, easements that give someone else a right to use part of the land, covenants that limit how the property can be developed, and liens that secure a debt against the property. Each of those is a specific type of encumbrance, but the general term for restrictions that affect title or use is encumbrances.

Restrictions on use or transfer of real property fall under the broad category of encumbrances. An encumbrance is any claim, right, or liability that burdens a property and can affect its transfer or how it’s used. Examples include forms of private restrictions, easements that give someone else a right to use part of the land, covenants that limit how the property can be developed, and liens that secure a debt against the property. Each of those is a specific type of encumbrance, but the general term for restrictions that affect title or use is encumbrances.

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