An encumbrance is the term that is used to refer to the defect on a title that can be monetary or physical.
What is an encumbrance?
In layman speech this used to refer to a burden. It is a burden that is due to the fact that a person is owing.
The encumbrance is the claim that is made against a property. The person that is making this claim is usually not the owner of this property that he or she is trying to or laying a claim on.
Some popular types are
- Easements
- Leases
- Financial encumbrance
Read more on encumbrance here:https://brainly.com/question/15277102
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