Encumbrance Accounting - Nonprofit Nonprofit ERP
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Encumbrance Definition: Understanding Types, Examples, and Impact on Property
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investopedia.com
If you're in the real estate industry, you may have encountered the term "encumbrance". What does this terminology actually mean? An encumbrance represents a right or claim of another, to a portion of the property. Examples of encumbrances include easement, mortgage, covenant and other liabilities. These can limit how you use your property, lower its value and make it harder to sell. It's always best if you uncover any encumbrances before making a final decision! #LBSHomes #AGoodStartWithLBS | L
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