Principles of Louisiana Real Estate Unit 1 National Portion Questions and Correct Answers | Latest Update
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Course
Principles of Louisiana Real Estate
Institution
Principles Of Louisiana Real Estate
Tax according to value is called ___________________.
-:- ad valorem
___________________ attempts to avoid property from becoming deserted or
ownerless.
-:- . escheat
A(n) ___________________ allows an individual to deviate from the zoning requirement
due to some adversity or suffering br...
✓ -:- A claim, charge, or liability that attaches to and is binding on real
estate.
lien
✓ -:- A right, given by law, whereby a creditor may satisfy a debit out of
the proceeds of the sale of real or persona l property belonging to the
debtor; an encumbrance usually naming property as security for payment
of a debt or for the discharge or obligation
lis pendens
✓ -:- A legal document giving constructive notice that an action at law is
pending.
mechanic's lien
✓ -:- A lien which exists against real property in favor of persons who
have performed work or furnished material for the improvement of real
estate
4|P a g e | G r a d e A + | 2 0 2 0 2 5
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