Answer to last weeks quiz on third party charges

Hi all, the answer to last week's quiz is b) encumbrance.

Encumbrance (noun): This means a burden or restriction. It is commonly used in relation to property. For instance, if Company A wishes to buy a property to use as their offices, then then need to check that the land is free from all encumbrances. Encumbrances can include, third party rights or charges that another party may have over the property.

An easement is a non-possessory right of use of property of another. This is more common with pathways, etc.

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