real es 190 ai

Please Note: Once your assignment is submitted and graded, the grade will be final, no re-submissions will be allowed.

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?