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LSDefine

Simple English definitions for legal terms

encumbrance

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A quick definition of encumbrance:

An encumbrance is when someone else has a claim on something that you own. This can happen with things like houses or land, where there might be things like loans, leases, or restrictions that affect how you can use or sell the property. Basically, it means that you don't have complete control over the thing you own because someone else has a say in what happens to it.

A more thorough explanation:

An encumbrance is a legal claim against an asset that limits the owner's ability to use or transfer the asset. This claim is made by an entity that is not the owner of the asset.

For example, if you take out a mortgage to buy a house, the bank has an encumbrance on the property until you pay off the loan. This means that you cannot sell the house without paying off the mortgage first. Other common types of encumbrances include liens, easements, leases, and restrictive covenants.

Liens are claims against an asset for unpaid debts, such as unpaid taxes or unpaid bills. Easements are rights granted to someone else to use a portion of the property, such as a right-of-way for a utility company. Leases are agreements that allow someone else to use the property for a specified period of time. Restrictive covenants are agreements that limit the use of the property, such as prohibiting certain types of businesses from operating on the property.

Encumbrances can impact the value and transferability of the asset. For example, if a property has a lien against it, potential buyers may be hesitant to purchase the property until the lien is paid off.

encumber | Endangered Species Act (ESA)

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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