Encumbrances – Singapore property for rent/ sale
An encumbrance is a right to, interest in, or legal liability on real property that does not prohibit passing title to the property but may affect its value. An example of an encumbrance is an easement. A common easement is a right of way of the dominant tenement to walk or drive over the property belonging to the servient tenement. A right of light easement will prevent the servient tenement from building something that will block the light to the dominant tenement. Singapore property for rent/ sale.
Another example of an encumbrance is a restrictive covenant. Developers typically use restrictive covenants when they subdivide property for residential developments. A land developer, after the subdivision into lots, may impose certain limitations on the use of the lots in the development. These may include a restrictive covenant not to build any fence outside each house. There may be a variety of other restrictive covenants that seek to control the way the development looks and is maintained. A person who purchases a lot in a development with restrictive covenants must honour the limitations. When the purchaser resells the lot to a buyer, the new owner will take the property subject to the restrictive covenants, because the restrictive covenants are said to “run with the land.”
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