What do encumbrances refer to in property law?

Encumbrances in property law refer to legal interests that run with the land and can affect the property's value or the owner's ability to transfer title. This concept encompasses a variety of claims, restrictions, or liabilities associated with the property, such as mortgages, liens, easements, and restrictions that may be in place. These legal interests are significant as they can impose obligations or limitations on the property owner, making it crucial for both buyers and sellers to understand any encumbrances before a transaction.

Other properties enhancing value or financing options are related to a property's overall marketability or financing but do not specifically define encumbrances in the legal sense. Similarly, maintenance agreements, while important in property management, do not pertain to the legal interests associated with the property itself. Therefore, the understanding of encumbrances being tied to legal interests is fundamental in property law and essential for making informed real estate decisions.