Property Ownership
In Kentucky, when a property owner borrows money and pledges their property as collateral without transferring possession or title, this creates a:
ALien on the property✓ Correct
BFee simple estate in favor of the lender
CTenancy in common with the lender
DLicense for the lender to use the property
Explanation
Pledging real property as collateral for a loan creates a mortgage lien against the property. The borrower retains possession and title; the lender has a security interest (lien) but not ownership.
Related Kentucky Property Ownership Questions
- An encumbrance that makes property security for a debt is called a:
- In Kentucky, adverse possession requires continuous, hostile, open, and exclusive possession for:
- In Kentucky, which form of co-ownership does NOT include the right of survivorship?
- In Kentucky, a license as a property right differs from an easement because a license:
- A prescriptive easement in Kentucky is acquired by using another's land:
- A Kentucky buyer purchases a home and later discovers an easement crosses the backyard that was not disclosed. The buyer may:
- Which of the following best describes a life estate?
- A covenant that 'runs with the land' means:
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →