During the transaction for the landed property, the solicitor examined the land registry to ensure that the title was free from any legal claim, mortgage, or financial liability that could restrict the buyer's ownership rights. Which of the following specialized legal terms refers to such a burden or restriction on a property title?
- Adistraint
- encumbranceAnswer
- Ceasement
- Dreplevin
Answer
The term 'encumbrance' is the correct technical legal term for any claim, lien, or financial liability attached to a property title.
In legal and conveyancing register, an encumbrance refers to any claim, lien, charge, or liability attached to real property that reduces its value or restricts its transfer without preventing the transfer entirely.
Step-by-Step Solution
Key Concept
Occupational Register in Law (Conveyancing / Property Law)
Estimated Time:1m 30s