TGM
18:41
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
general covenant against encumbrances
Read a random definition: DWI/DUI Violation
A quick definition of general covenant against encumbrances:
A general covenant against encumbrances is a promise made by a seller to a buyer that the property being sold is free from any liens or claims that could affect the buyer's ownership. This means that the seller guarantees that there are no outstanding debts or legal issues that could prevent the buyer from fully owning and using the property. It is important for buyers to have this type of protection when purchasing real estate or other valuable assets.
A more thorough explanation:
A general covenant against encumbrances is a legal promise made by a seller to a buyer that the property being sold is free from any liens or other claims that could prevent the buyer from enjoying full ownership of the property.
For example, if a homeowner sells their house to a buyer, they may make a general covenant against encumbrances to ensure that there are no outstanding mortgages, tax liens, or other claims on the property that could prevent the buyer from taking full ownership.
This type of covenant is important because it gives the buyer peace of mind that they are purchasing a property that is free from any legal claims or disputes.