15.4 Flashcards
Easements are a type of ___
encumbrance
An encumbrance is a ___ interest in real property.
nonpossessory
T/F: Liens are also a type of encumbrance.
True
liens are a ____ encumbrance
Financial
Liens ____ (do or do not) directly affect the use of the property
Do not
Easements are a ____ encumbrance
Nonfinancial
____ not only encumber title but also affect use of the property.
a) liens
b) easements
Easements
___ limits owners use of his property
Restrictive covenant
____ allows someone else to use the owners property
Easement
Restrictive covenants are a ___ encumbrance
Nonfinancial
The key difference between easements and restrictive covenants is that a(n) ___ gives someone else the right to use a landowner’s property, while a(n) ____ limits how the landowner may use his own property
Easement
Restrictive covenant
____ might limit what types of additions an owner can put on his house, or even dictate what colors he can paint the house.
Restrictive covenants
profit (or profit à prendre) is a type of ___ encumbrance
Nonfinancial
A ___ gives someone the right not only to enter a property, but to take something of value from it, such as timber or minerals.
Profit
T/F: The same legal rules that apply to easements also apply to profits
True