Property Ownership
An encumbrance on real property in Arizona is best described as:
AAny improvement made to the property
BA claim, lien, charge, or liability attached to the property that affects its title or use✓ Correct
CA government regulation affecting the property
DA deed restriction that has expired
Explanation
An encumbrance is any claim, lien, charge, or liability attached to real property that affects its title, value, or use. Encumbrances include mortgages, easements, CC&Rs, and liens.
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Key Terms to Know
Encumbrance
Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
DeedA 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.
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