Which of the following statements is TRUE? a. An encumbrance is an interest in and right to real property that does not limit the legal owner's freehold interest. b. An encumbrance includes the right of possession. c. An encumbrance is a greater interest than the owner's freehold interest. d. Encumbrances are not considered estates.

Question

Clara Holloway

Business

4 June, 20:25

Which of the following statements is TRUE? a. An encumbrance is an interest in and right to real property that does not limit the legal owner's freehold interest. b. An encumbrance includes the right of possession. c. An encumbrance is a greater interest than the owner's freehold interest. d. Encumbrances are not considered estates.

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Shannon Cordova · Answer 1

(d) Encumbrances are not considered estates.

Explanation:

An encumbrance is an interest in and right to real property that limits the legal owner's freehold interest. In effect, an encumbrance is another's right to use or take possession of a legal owner's property, or to prevent the legal owner from enjoying the full bundle of rights in the estate. It does not include the right of possession and is therefore a lesser interest than the owner's freehold interest, therefore they are not considered estates.