1. Define an Encumbrance and explain the two basic categories of an Encumbrance.
2. Define an Easement and name the 5 ways in which an Easement can be created.
3. Name and describe the 5 ways to terminate an Easement.
4. Describe and give an example of each of the following: Voluntary Lien, Involuntary Lien, General Lien and Specific Lien.
5. Regarding mechanic’s liens; if an owner files a Notice of Completion what is the filing time for the general contractor (for a mechanic’s lien)? For a sub-contractor? And for all mechanics if the owner did not file a notice of completion?
Solved by verified expertAn easement is a legal right to use the property of another for a specific purpose. Easements can be created in five ways: by express grant, by implication, by prescription, by estoppel, or b
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There are five ways to terminate an easement: by express release, by abandonment, by merger, by change in use, or by termination of the servient estate.
A voluntary lien is a lien that is created by the voluntary act of the owner of the property, such as a mortgage or deed of trust. An involuntary lien is a lien that is imposed on the property without the consent of the owner, such as a tax lien or mechanic’s lien. A general lien is a lien that attaches to all of the property of the debtor, such as a judgment lien. A specific lien is a lien that attaches to only a specific piece of property, such as a mortgage.
If an owner files a Notice of Completion, the filing time for the general contractor is 120 days, for a sub-contractor is 90 days, and for all mechanics is 60 days.
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