Arizona Subdivision Law

Question 1

Affidavit of Disclosure

Answer 1

A required written disclosure from a seller to buyer when the seller is selling 5 or fewer parcels that have not been subdivided and are in an unincorporated part of the county- must be delivered at least 7 days before the property transfer

Question 2

Commissioner’s Public Report

Answer 2

When a seller subdivides land into 6 or more parcels that are less than 36 acres each, a public report that has been reviewed and approved by the Commissioner must be given to the buyer selling any lots

Question 3

Subdivider

Answer 3

Take raw land, do the initial planing for its best use by subdividing it into lots, and after approval do initial development of streets, sewers, etc.

Question 4

Subdivision

Answer 4

Improved or unimproved lands divided or proposed to be divided for purpose of sale or lease into six or more lots, parcels, or fractional interests of less than 36 acres

Question 5

Fractional Interest

Answer 5

An undivided interest in improved or unimproved land and lots of parcels of any size created for sale or lease

Question 6

Improved Lot or Parcel

Answer 6

A lot or parcel featuring a residential, commercial, or industrial building, or within 2 years

Question 7

Unimproved Lot or Parcel

Answer 7

A lot or parcel of a subdivision that is not an an improved lot

Question 8

Unsubdivided Lands

Answer 8

Six or more parcels, each measuring from 36 acres up to 160 acres

Question 9

Active Management Area

Answer 9

Five Arizona areas where withdrawal of groundwater is limited (Phoenix, Prescott, Pinal County, Santa Cruz County, and Tucson

Question 10

Assured Water Supply

Answer 10

A certificate issued by the director of water resources that is required before an Arizona subdivision located within a groundwater active management area can be approved

Question 11

Common Promotional Plan

Answer 11

A person or a group of persons acting in concert to offer lots for sale or lease

Question 12

Conveyance

Answer 12

The legal process of transferring property from one owner to another

Question 13

Foreclosure

Answer 13

Procedure that removes owner’s property rights; when real property is pledged as security for a loan, the process of selling that property as a result of borrow’s default is called forclosure

Question 14

Bulk Sale

Answer 14

Sale or lease in bulk of 6 or more lots, parcels, or fractional interests to one buyer in one transaction

Question 15

Lot

Answer 15

A plot of land assigned for sale or particular use

Question 16

Parcel

Answer 16

A piece of land, especially considered as part of an estate

Question 17

Receipt for Public report

Answer 17

A document signed by prospective purchasers of subdivided property and states that the purchasers have been given a copy of the public report prior to signing at his or her estimate

Question 18

Recission

Answer 18

Legal remedy for cancelling, terminating, or annulling a contract and restoring the parties to their original positions