A-1 Property Rights: Private and Government

Question 1

Bundle of Rights

Answer 1

1. Possession 2. Exclusion 3. Encumbrance 4. Right to Transfer 5. Use

Question 2

Personal Property aka “Personalty”: Include such items as Trade fixtures, and furniture.

Answer 2

Chattel

Question 3

gives tenants- farmers the right to harvest money crops that mature after their departure.

Answer 3

“The Right of Emblements”

Question 4

35 gallons per minute and will water less than 2 acres.

Answer 4

An exempt domestic well

Question 5

Where owners adjacent to or abutting bodies of water may use that water unimpeded.

Answer 5

Riparian Rights

Question 6

First in time is first in right for water usage law in Arizona

Answer 6

Prior appropriation

Question 7

The measure for water:

Answer 7

Flowing cubic feet per second, non flowing water is acre foot (43560 cu ft)

Question 8

Non-navigable body of water

Answer 8

Property line extends to the low water line.

Question 9

Government retains 4 basic rights over property

Answer 9

Police, Eminent Domain, Taxation, Escheat

Question 10

Eminent Domain =

Answer 10

Condemnation, not confiscation.

Question 11

Backbone of Zoning, code enforcement and city planning

Answer 11

Police Power

Question 12

Taxation of Real Estate is the Jurisdiction of:

Answer 12

City and state

Question 13

Property taxes are levied

Answer 13

Annually

Question 14

Ad Valorem

Answer 14

Property taxes are based on the value of the property

Question 15

The county treasurer may put a tax lien up for sale:

Answer 15

In the February following the owner’s notification of delinquency.

Question 16

The winner of tax lien interest auction receives

Answer 16

Certificate of Purchase

Question 17

Paid Pro Rata: (in proportion, and often a calculation based on usage amounts)

Answer 17

Special Assessment Taxes

Question 18

A term describing payments made after a service has been provided.

Answer 18

Payment in arrears

Question 19

The reversion to the state of property after death, usually involves personal , rather than real property. The state can sell after 5 years (goes to state’s general fund)

Answer 19

Escheat

Question 20

Often a 20 year bond added to property taxes and used to pay facilities (road, sewer, fire facilities)

Answer 20

CFD (community Facility District)

Question 21

Real Property

Answer 21

Corporeal- Land, house agree, Barn (tenements); Incorporeal- rights Hereditaments.

Question 22

Personal Property

Answer 22

Includes tangible objects (beds, chairs, tables) and intangible ones (copyrights, patents, trademarks, relationships)

Question 23

A master plan adopted by a local planning commission may not be concerned with matters of

Answer 23

Deed restrictions

Question 24

Urban property is:

Answer 24

City property

Question 25

Appurtenances

Answer 25

Incorporeal rights in land which are attached to and “run with the land”

Question 26

Property bordering lakes and oceans

Answer 26

Littoral rights

Question 27

The process by which an applicant can request deviation from the set of rules a municipality applies to land use and land development, typically a zoning ordinance, building code or municipal code.

Answer 27

Variance