An encumbrance restricts the use of a specific property. Mortgages rank among the top forms of encumbrances in commercial and residential properties. The purpose of an encumbrance is to restrict the transfer of the property in question without going for further steps. A good real estate lawyer Brampton must perform a comprehensive title search to check for the following forms of encumbrances before purchasing a property.
What are Common Encumbrances in Real Estate?