• In short this is a burden of some sort.
  • A property sold unencumbered is essentially sold free of the type of liability to which the encumbrance might relate
  • If a property is mortgaged, then to loose any financial encumbrance the mortgage must be repaid
  • Similarly if vat is applicable, if there is vat on the property,or stamp duty particularly at a higher rate, or easements, covenants and anything that might diminish the value or saleability of a property.

What are your thoughts?

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>