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These situations can also be referred to as bona vacantia or simply unclaimed property. The concept of escheat maintains that property always has a recognized owner, which would be the state or federal governments if no other claimants to ownership exist or are readily identified.

Holders of unclaimed property must perform due diligence to show that they attempted to find the rightful owner of unclaimed property. For any balance greater than $50, written notice must be sent to the owners last known address at least 120 days before the unclaimed property report is filed.

To claim money or property that was yours, you need to provide a copy of your photo identification or have a notary sign the claim form. You must provide proof of your Social Security number and address as listed on the website.

1. The absence of the tenant from the dwelling unit, without notice to the landlord for at least seven days, if rent for the dwelling unit is outstanding and unpaid for ten days and there is no reasonable evidence other than the presence of the tenant's personal property that the tenant is occupying the residence. 2.

A.R.S. § 44-326(B)(2) provides that a person who wilfully fails to pay or deliver unclaimed property to the department shall pay a civil penalty equal to twenty-five percent of the value of the property that should have been paid or delivered.

This form should only be used to claim property of which you are the original owner. If you are claiming property as the heir or beneficiary of a deceased owner (Form 600B), the agent of an entity (Form 600C) or the agent of a living owner (Form 600D), you must complete the appropriate form.

Escheated estate consists of property remitted to the Arizona Department of Revenue Unclaimed Property Unit when there are no known devisees or heirs to an estate, or when a devisee or heir cannot be located.

Property is considered unclaimed when there has been no owner contact for a specified period of time, usually between 1 and 3 years.

After two years have passed, a notice of sale is published and items of value are sold at public auction. Safe deposit box contents are liquidated within three years of receipt; however, the proceeds remain the property of the original owners for the remainder of the 35 year escheatment period.