A property in Alaska is subject to a deed restriction prohibiting commercial use. This restriction is an example of:
Why A private encumbrance that runs with the land (restrictive covenant) Is Correct
Answer B: A private encumbrance that runs with the land (restrictive covenant)
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
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Related Alaska Questions
- A deed restriction (private restriction) that violates public policy or fair housing laws is:Property Ownership
- In Alaska, a deed restriction that has been violated can be enforced by:Property Ownership
- Under Alaska's planning law, a borough may require a developer to dedicate land for a public park as a condition of subdivision approval. This is an example of:Land Use & Zoning
- A deed restriction in Alaska that requires properties in a neighborhood to be used only for residential purposes is an example of:Property Ownership
- Alaska does NOT have a state income tax. However, property owners in Alaska are generally subject to:Property Ownership
- A property owner in Alaska petitions to have their land rezoned from residential to commercial. This process is called:Land Use & Zoning
- A deed restriction is different from a zoning ordinance in that a deed restriction is:Land Use & Zoning
- A land contract (contract for deed) in Alaska means:Finance
Key Terms to Know
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
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