Encumbrance refers to any claim, lien, or restriction on a property. It usually comes from a legal or financial obligation like a mortgage, lien, easement, or judgment. The presence of an encumbrance can make it harder for the owner to sell or transfer the property until the encumbrance or lien is resolved, satisfied, or cancelled.
What is encumbrance?
Written By Gerard ()
Updated at October 24th, 2023