Which of the following is NOT a type of encumbrance?

In the context of property law, an encumbrance refers to a claim, lien, or liability attached to a property that may affect its transferability or value. Understanding the nature of each type of encumbrance is essential for anyone involved in real estate.

Mortgages and hypothecs are secured interests that lenders hold against a property until the borrower repays the loan. These are classic examples of encumbrances because they create a legal claim on the asset.

Easements and servitudes grant specific rights to other parties for access or usage of a property. These also fall under the category of encumbrances, as they can limit how the property owner can use their property.

Restrictive covenants are agreements that restrict the ways in which a property can be used. They can be created to maintain a certain character within a neighborhood or community. Like the previous types, restrictive covenants directly affect the property’s usage and transferability, thereby categorizing them as encumbrances as well.

Property taxes, however, represent a obligation that the property owner must pay to the government, which can result in a lien against the property if not paid. While unpaid property taxes can create a financial burden and lead to a lien, they do not constitute an