Common Arizona Real Estate Forms documents

  • Purchase Agreement — Sets out the price, terms, and conditions for buying or selling residential or commercial property.
  • Warranty Deed — Transfers fee simple ownership of real property with the seller's guarantee of clear title.
  • Quitclaim Deed — Conveys whatever interest the grantor holds in a property without any title warranty.
  • Residential Lease Agreement — Establishes the terms of a leasehold between a landlord and tenant for a home or apartment.
  • Lease-Purchase Agreement — Combines a rental period with an option or obligation to buy the property at a set price.
  • Property Management Agreement — Defines the scope of authority and duties when an owner hires a manager for rental premises.
  • Notice to Quit — Formally notifies a tenant to vacate or cure a lease violation within a stated period.

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FAQs

Warranty deeds and quitclaim deeds are the most widely used. A warranty deed provides title guarantees, while a quitclaim deed simply transfers the grantor's existing interest. Arizona also recognizes life estate deeds, including enhanced life estate arrangements that allow the grantor to retain control during their lifetime.

Notarization is generally required for deeds before they can be recorded with the county recorder's office. Recording gives public notice of the ownership transfer and helps protect the new owner's interest in the property.

Real property — also referred to as immovable property or realty — includes land, buildings, and fixtures permanently attached to the land. Personal property covers movable items. The distinction matters in real estate transactions because only real property transfers through a deed.

Verbal agreements may be legally recognized in some situations, but a written lease provides clear documentation of the rent amount, lease term, rules, and each party's obligations. A written agreement significantly reduces the likelihood of disputes.

Fee simple is the most complete form of real property ownership — the owner holds the property outright with full rights to use, sell, or pass it on as heritable property. Most residential sales in Arizona result in fee simple ownership.

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