Property Ownership
An 'encumbrance' on a Wyoming property includes all of the following EXCEPT:
AA mortgage lien
BAn easement
CFee simple absolute ownership✓ Correct
DA deed restriction
Explanation
An encumbrance is any interest in or claim against a property that may diminish its value or restrict its use, such as mortgages, easements, liens, deed restrictions, and encroachments. Fee simple absolute ownership is the type of estate, not an encumbrance.
Related Wyoming Property Ownership Questions
- In Wyoming, a homestead exemption protects:
- In Wyoming, a 'fee simple absolute' is best described as:
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- In Wyoming, a deed restriction that violates public policy or constitutes illegal discrimination is:
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