Property OwnershipIntermediateArizona Exam

Real property in Arizona includes all of the following EXCEPT:

ALand and everything permanently attached to it
BFixtures legally attached to a building
CA trade fixture installed by a commercial tenantCorrect
DSubsurface mineral rights

Why A trade fixture installed by a commercial tenant Is Correct

Answer C: A trade fixture installed by a commercial tenant

Trade fixtures — items installed by a commercial tenant for business purposes — are generally considered personal property (not real property) and may be removed by the tenant before the lease expires.

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.

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