Encumbrance

A claim, charge or liability that attaches to real estate. It is the right or an interest held by someone other than the owner of the property that affects title. An encumbrance may lessen the value or obstruct the use of a property, but it does not necessarily prevent a transfer of title. Liens, deed restrictions and easements are all examples of encumbrances.

« Back to Glossary Index
2017-03-13T19:39:59+00:00