Property Rights - Private & Governmental

Question 1

What are the bundle of rights?

Answer 1

1. Possession
2. Use
3. Encumbrance - you can put debt against
4. Exclusion - Quiet Enjoyment
5. Transfer

Question 2

What are Caissons

Answer 2

Pillars anchoring structure to ground

Question 3

Corporeal Real Property

Answer 3

Land and Tenements

Question 4

Incorporeal Real Property

Answer 4

Rights and relationships

Easements and rights of way

Question 5

What process can change real property to personal

Answer 5

Detachment

Question 6

What is always personal property

Answer 6

Trade Fixtures and crops (harvest not plant)

Question 7

Two classifications of water law in AZ are

Answer 7

Ground and Surface

Question 8

Are we currently a feudal or allodial system

Answer 8

Allodial

Question 9

This is never considered in determineing between personal and real property

Answer 9

Cost

Question 10

Ad Valorem best means

Answer 10

According to Value

Question 11

What is the redemption period after the county sells a lien due to unpaid property taxes

Answer 11

3 years

Question 12

The rate of interest to be paid on past due property taxes is

Answer 12

16%

Question 13

Special Tax Assessments are usually for?

Answer 13

Improvement don to your area

Question 14

When are real property tax lien sales

Answer 14

In February

Question 15

What do incorporeal rights deal with

Answer 15

non-physical items

Question 16

Littoral rights refer to

Answer 16

Property bordering lakes and oceans