real 190 ja

Questions:

CHAPTER 7 – Encumbrances, Liens & Homesteads:

1.   Define an Encumbrance and explain the two basic categories of an Encumbrance.

2.   Define an Easement and name the 5 ways in which an Easement can be created.

3.   Name and define the 5 ways to terminate an Easement.

4.   Describe and write an example of each of the following: Voluntary Lien, Involuntary Lien, General Lien and Specific Lien.

5.  Regarding mechanic’s liens; if an owner files a Notice of Completion what is the filing time for the general contractor (for a mechanic’s lien)?  For a sub-contractor? And for all mechanics if the owner did not file a notice of completion?