Chapter 4 Encumbrances Flashcards Preview

California Real Estate Principles 2017 > Chapter 4 Encumbrances > Flashcards

Flashcards in Chapter 4 Encumbrances Deck (20)
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1

A person who provides labor, materials, or professional services for the improvement of real property can file __________ against the property.

a mechanic's lien

2

An easement is:

an encumbrance on real property.

3

A noxious odor or unsightly condition on a property that interferes with the neighboring property owner's reasonable use and enjoyment of their property is known as:

a nuisance.

4

A deed of trust is:

a security instrument similar to a mortgage.

5

The right given to remove something from the land belonging to someone else is known as:

a profit.

6

Generally, lien priority is determined by:

the date the lien was recorded.

7

Real property tax is a __________ lien on a property.

specific

8

The servient estate, as it applies to an easement appurtenant, is the property:

upon which the easement is placed.

9

In California, special lien priority is given to:

1. special assessment liens.
2. property tax liens.

10

When property is made security for a debt, the property is said to be all of the following, EXCEPT:

condemned.

11

A lien is a type of:

financial encumbrance.

12

A distinguishing factor of a license is that it:

can be revoked.

13

What is the name of the court executed document that gives a sheriff the authority to sell a debtor's property?

writ of execution

14

Provisions contained in a deed that limit the use of private property are known as:

deed restrictions.

15

When a portion of a property is sold to another and is landlocked, the property owner will most likely:

get an easement by necessity over the adjoining property.

16

In California, the homestead exemption for a debtor over 65 years of age is:

$175,000.

17

Unlike other types of easements, a commercial easement in gross can be:

assigned.

18

An item that belongs to and passes with the title of real property is:

an appurtenance.

19

Private restrictions contained within a subdivision's CC&Rs can be terminated by:

a majority vote of the landowners within the subdivision.

20

Right of way easements, such as those acquired by public utilities, are called:

easements in gross.