Anything which affects or limits the fee simple title to, or value of property, is known as a?

Social Studies

1 answer:

GarryVolchara [31]2 years ago

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Anything which affects or limits the fee simple title to, or value of property, is known as a encumbrance.

Anything that restricts or impacts the property's fee simple title or value. This is how the DRE defines an encumbrance. A lien is a type of encumbrance that uses a piece of property as security for the repayment of a debt or the discharge of an obligation.

A lien is a financial claim made against real estate to ensure payment of a debt owed to the owner of the property. Any kind of claim made against property is referred to as an encumbrance, which has a considerably wider definition. Any encumbrance is a lien, but not every encumbrance is a lien.

To learn more about encumbrance, refer

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