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Agreement for the Partition and Division of Real Property

Land Partition Rules In Maricopa

Category:

Civil Actions - Partitions

State:

Multi-State

County:

Maricopa

Control #:

US-00410

Format:

Instant download

Description

The Agreement for the Partition and Division of Land is a crucial legal document utilized by co-owners in Maricopa to voluntarily divide their shared real property. This agreement outlines the terms under which the property will be partitioned, detailing each co-owner's assigned tract as indicated in the attached exhibits. The document requires all co-owners to affirm that they are the sole owners of the property, disclosing any other interested parties as necessary. Key features include the execution of quitclaim deeds, which convey ownership of the specified tracts to the respective co-owners, effectively separating their interests in the property. Attorneys, partners, owners, associates, paralegals, and legal assistants benefit from this form as it simplifies the partition process, reduces potential disputes, and provides a clear legal framework for ownership transfer. Users must ensure accurate filling and adherence to local land partition rules in Maricopa, which can help streamline property disputes and facilitate smoother real estate transactions. Clarity in filling out the forms, including details of the property and divisions, is crucial for the document's validity.

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FAQ

Approximately 12.9 million acres, or 18%, in Arizona are privately owned. The USDA Natural Resource Conservation Service is responsible for assisting private landowners.

"Subdivision" means improved or unimproved land or lands divided for the purpose of financing, sale or lease, whether immediate or future, into four or more lots, tracts or parcels of land, or, if a new street is involved, any such property which is divided into two or more lots, tracts or parcels of land, or, any such ...

Division of Land: Refers to any parcel or contiguous parcels of land, improved or unimproved, which are divided for the purpose of sale, lease or financing, whether immediate or future, into two or more parcels.

Each section in a regularly sized Township is 1 square mile, or 640 acres in size. Each 640-acre section is then divided into four 160-acre quarters.

No, lane splitting is not legal in Arizona, but lane filtering became legal in Arizona on September 24, 2022.

The purpose of the minor land division is to protect public health, safety and welfare by establishing a ministerial review to determine that the division or combination of land into five or fewer lots, parcels or fractional interests, any of which is 10 acres or smaller in size, and does not constitute a subdivision.

Arizona goes easy on your wallet in a few key ways. The property taxes are reasonable at just 0.63 percent on average. The effective state income tax rate is low at 2.59 percent (compared to 4.55 percent nationally). Arizona also doesn't tax Social Security benefits or most pension income.

What are the minimum requirements for a bulk sale of subdivided to be exempt from Arizona subdivision statutes? Six or more lots sold to a single buyer in one transaction.