Arizona Laws > Title 33 > Chapter 2 – ESTATES
Current as of: 2018 |
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Sections | ||
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Article 1 | Definitions and Classifications | 33-201 – 33-205 |
Article 2 | Future Interests | 33-221 – 33-240 |
Article 3 | Perpetuities | 33-261 |
Article 4 | Conservation Easements | 33-271 – 33-276 |
Terms Used In Arizona Laws > Title 33 > Chapter 2
- Conservation easement: means a nonpossessory interest of a holder in real property imposing limitations or affirmative obligations for conservation purposes or to preserve the historical, architectural, archaeological or cultural aspects of real property. See Arizona Laws 33-271
- Continuance: Putting off of a hearing ot trial until a later time.
- Dependent: A person dependent for support upon another.
- Devise: To gift property by will.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Grantee: includes every person to whom an estate or interest in real property passes, in or by a deed. See Arizona Laws 1-215
- Holder: means either:
(a) A governmental body empowered to hold an interest in real property under the laws of this state or the United States. See Arizona Laws 33-271
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- Minor: means a person under the age of eighteen years. See Arizona Laws 1-215
- Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
- Testator: A male person who leaves a will at death.
- Third party right of enforcement: means a right granted in a conservation easement to enforce any of its terms granted to a governmental body, charitable corporation or charitable trust, which, although eligible to be a holder, is not a holder. See Arizona Laws 33-271