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Personal property is conveyed with a document called a
Bill of Sale
Naturally growing plants are considered
Real Property
The four government authority rights are
PETE:
police power, eminent domain, taxation, and escheat
The government receives ownership of real property from a private entity through
Dedication
Disposition
The right to transfer all or some of the rights to other people. Disposition can be a sale, transfer, conveyance, grant, gift, devise, dedication or demise.
An item that was once personal property but is now real property is a
Fixture
Emblements are considered
Personal Property
The right of the government to take private property for public good is
Eminent Domain
If a person dies intestate and has no heirs, the property passes to the state under the doctrine of
Escheat
Exclusion
The right to stop others from using or entering the property.
The document used to transfer real property is a
Deed
Something attached to real estate that transfers with it is a(an)
Fixture
The process by which property is taken for public good is
Condemnation
The government receives ownership of real property from a private entity through
Condemnation
Enjoyment
The right to free use of the property without interference from other people or society.
A trade fixture is the personal property of a
tenant
The Arizona document that causes mobile homes to be taxed as real estate is the
Affidavit of Affixture
When condemnation occurs, the property owner must be given
just compensation
In Arizona, a court action to take property under eminent domain must be preceded by
good faith negotiations, which must include an appraisal and at least one written offer.
Possession
The right to physically occupy and use the land and make it productive.
Real estate licensees may sell new or used mobile homes and may represent
Buyers or Sellers
fixture test MARIA
Method of attachment
Agreement of the parties
Relationship to the parties
Intent
Adaptation
The term for someone dying without a will is
Intestate
Severance vs Annexation
Severance – converting real property to personal property by detaching it from the land.
Annexation – converting personal property to real property by attaching it to the land.
Control
The right to physically alter or change the property.