Arizona Laws > Title 42 > Chapter 13 > Article 9 – Common Areas
Current as of: 2023 | Check for updates
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Other versions
§ 42-13401 | Exclusive method of identifying and valuing common areas |
§ 42-13402 | Identifying common areas; definition |
§ 42-13403 | Computing valuation |
§ 42-13404 | Deed restriction on common area use |
Terms Used In Arizona Laws > Title 42 > Chapter 13 > Article 9 - Common Areas
- Appraisal: A determination of property value.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Department: means the department of revenue. See Arizona Laws 42-1001
- Property: includes both real and personal property. See Arizona Laws 1-215
- Real estate: includes the ownership of, claim to, possession of or right of possession to lands or patented mines. See Arizona Laws 42-11001
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Valuation: means the full cash value or limited property value that is determined for real or personal property, as applicable. See Arizona Laws 42-11001