Which of the following best describes non-monetary encumbrances on property?

Non-monetary encumbrances on property predominantly include physical and legal restrictions that can affect the use and rights associated with the property. This encompasses elements like easements, which grant someone the right to use a portion of the property for a specific purpose, such as a right-of-way for access or utilities. These restrictions can limit how a property owner can utilize their land, contrasting with monetary encumbrances, which typically involve debts or obligations that require financial payments.

In this context, physical restrictions might also include zoning laws or building codes that dictate how the property can be developed or modified. Legal restrictions can involve covenants or conditional use permits. By understanding non-monetary encumbrances, property owners can better recognize how their property rights may be impacted by external legal frameworks without necessarily involving a financial obligation.

Other options focus on monetary issues, such as debt obligations or liens, which do not fit the definition of non-monetary encumbrances, as they involve financial interests rather than the use and legal aspects of the property itself.