Am lives in a subdivision that has deed restrictions that prevent drilling for oil and gas. this type of limitation is known as?

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24-08-2022
Social Studies

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Am lives in a subdivision that has deed restrictions that prevent drilling for oil and gas. this type of limitation is known as?

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ayfat23 ayfat23 · Answer 1 · 2022-08-26T12:05:41+02:00

Am lives in a subdivision that has deed restrictions that prevent drilling for oil and gas. this type of limitation is known as an encumbrance.

What is encumbrance?

An encumbrance can be described as the third party's right so that he or she will be able to interest in, or legal liability on property.

It should be noted that this does not prohibit the property's owner if he wanted to transfer title, hence Am lives in a subdivision that has deed restrictions that prevent drilling for oil and gas. this type of limitation is known as an encumbrance.