Property Ownership

In Rhode Island, a lis pendens gives notice that:

AA property tax lien has been filed

BA lawsuit affecting the title to the property is pending✓ Correct

CThe property is in foreclosure

DA zoning variance has been applied for

Explanation

A lis pendens ('suit pending') is a recorded notice that a lawsuit is pending that affects the title or ownership of the real property. It warns potential buyers and lenders that the title is in dispute.

People Also Study

Key Terms to Know

Lien

A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.

Variance

Official permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.

Zoning

Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.

Encumbrance

Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.