Property Ownership
An encumbrance that makes property security for a debt is called a:
ACovenant
BLien✓ Correct
CLicense
DRestriction
Explanation
A lien is a financial encumbrance on real property that makes the property security for payment of a debt or obligation.
Related Kentucky Property Ownership Questions
- Which of the following best describes a life estate?
- An encumbrance on a Kentucky property is best described as:
- Under Kentucky law, which of the following is a lien on real property?
- A Kentucky buyer purchases a home and later discovers an easement crosses the backyard that was not disclosed. The buyer may:
- A prescriptive easement in Kentucky is acquired by using another's land:
- A covenant that 'runs with the land' means:
- In Kentucky, the type of legal description that uses directions and distances from a fixed point is called:
- A Kentucky property sold with a special warranty deed means the grantor warrants title only against:
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