In Arizona, a 'ground lease' is typically a long-term lease of:
Why Land only (not the improvements), allowing the tenant to build improvements on the leased land Is Correct
Answer B: Land only (not the improvements), allowing the tenant to build improvements on the leased land
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.
People Also Study
Related Arizona Questions
- The planning tool used in Arizona to guide long-term land use decisions for a municipality is called a:Land Use & Zoning
- An Arizona commercial lease includes a 'continuous operation clause.' This means the tenant:Contracts
- An Arizona residential lease agreement under the RLTA must allow a tenant to terminate with proper notice for all of the following EXCEPT:Contracts
- An Arizona commercial lease with a 'right to expand' clause gives the tenant:Contracts
- In an Arizona residential resale transaction, the buyer's inspection period is typically used to:Contracts
- The appraisal approach most commonly used to estimate the value of single-family residential properties in Arizona is the:Property Valuation
- An Arizona appraiser using the cost approach estimates the value of a home as follows: land value = $80,000; replacement cost new of improvements = $220,000; accumulated depreciation = $30,000. What is the estimated value?Property Valuation
- A property owner in Arizona wants to use their residentially-zoned land for a small commercial business. To do so legally, they would MOST likely need to obtain:Land Use & Zoning
Key Terms to Know
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
DeedA 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.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
Study This Topic
Practice More Arizona Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →