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Arizona Real Estate

Exam Prep Property Rights

QuestionAnswer
What rights are included in the "Bundle of Rights"? 1. Possession 2. Use 3. Encumbrance 4. Exclusion 5. Transfer
Legal tests determining what is or is not a fixture that go by the acronym M A R I A are? M Method of attachment A Agreement between parties (written) R Realationship of fixture to parties I Intent of the person who installed fixture A Adaptability of fixture into the property
Government Rights over a property under the acronym P E T E P Police Power E Eminent Domain T Taxation E Escheat
The right to regulate or limit and to confiscate property temporarily under emergency situations. Applies to both state and federal government. POLICE POWER
The right of govedrnment to take private property for public use. EMINENT DOMAIN
The right of government to tax private property to pay for the costs of government and area improvements. TAXATION
The right to take back property if the owner dies without a will or qualified heirs, or if property is abandond. ESCHEAT
What are the five basic land use zoning categories? 1. Residential (R) 2. Agricultural (A) 3. Planned Area Development(PAD) 4. Commercial (C) 5. Industrial (I)
Controlls Water both surface and ground water in Arizona? Department of Water Resources
What rights are included in the "Bundle of Rights"? 1. Possession 2. Use 3. Encumbrance 4. Exclusion 5. Transfer
Legal tests determining what is or is not a fixture that go by the acronym M A R I A are? M Method of attachment A Agreement between parties (written) R Realationship of fixture to parties I Intent of the person who installed fixture A Adaptability of fixture into the property
Government Rights over a property under the acronym P E T E P Police Power E Eminent Domain T Taxation E Escheat
The right to regulate or limit and to confiscate property temporarily under emergency situations. Applies to both state and federal government. POLICE POWER
The right of govedrnment to take private property for public use. EMINENT DOMAIN
The right of government to tax private property to pay for the costs of government and area improvements. TAXATION
The right to take back property if the owner dies without a will or qualified heirs, or if property is abandond. ESCHEAT
What are the five basic land use zoning categories? 1. Residential (R) 2. Agricultural (A) 3. Planned Area Development(PAD) 4. Commercial (C) 5. Industrial (I)
Controlls Water both surface and ground water in Arizona? Department of Water Resources
Created by: vstansell
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