A developer in Arizona grants a homeowners association the authority to enforce CC&Rs. These restrictions are an example of:
Why Private deed restrictions Is Correct
Answer B: Private deed restrictions
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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- In Arizona, a homeowners association (HOA) that enforces deed restrictions prohibiting rental of units to families with children:Fair Housing
- The government's right to take private property in Arizona for public use — with just compensation — is known as:Property Ownership
- Under Arizona law, when selling a property within a homeowners association (HOA), the seller must provide the buyer with HOA disclosures including:Escrow & Title
- Which of the following BEST describes a land contract (contract for deed) in Arizona?Contracts
- In Arizona, a developer who subdivides land into six or more lots for sale is generally required to file a(n):Land Use & Zoning
- Under an Arizona land contract (contract for deed), when does the buyer receive legal title?Contracts
- Deed restrictions (CC&Rs) in Arizona that exceed local zoning standards are:Land Use & Zoning
- An Arizona developer who divides land into 6 or more lots for sale must comply with Arizona's:Land Use & Zoning
Key Terms to Know
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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