Requirement of Arizona's Departments of Water Resources (ADWR) and Real Estate (ADRE) that developers (subdividers) demonstrate that an assured or adequate water supply will be physically, legally, and continuously available for the next 100 years in new subdivisions. If the subdivision is located within one of ADWR's Active Management Areas (AMA), a public report will not be issued and lots may not be sold until an assured 100-year water supply is demonstrated. Outside of AMA's, developers are required to ask ADWR for an assessment of the availability of water. In these areas, lots may still be sold even if ADWR deems the water supply inadequate, as long as this information is disclosed to prospective buyers.

The voluntary surrender or relinquishment of possession of real property with the intention of terminating one's possession or interest, but without vesting this interest in any other person

A reduction or decrease in amount, degree, intensity or worth

An auction where the property is sold to the highest bidder with no limits, conditions, amount or reserves. The seller however, may not bid personally or through an agent, or anyone acting on behalf of the seller. An absolute auction presents the greatest opportunity for the buyer.

An estimate of the rate at which a particular classification of space, such as new office space, new housing, new condominium units and the like, will be sold or occupied each year

A concise, summarized history of the title to a specific parcel of real property, together with a statement of all liens and encumbrances affecting the property. The abstract of title does not guarantee or assure the validity of the title of the property. It merely discloses those items about the property which are of public record, and thus does not reveal such things as encroachments, forgeries, and the like.

Method of estimating the value of property uses similar properties available in the same market to extract the value of a parcel of land.

A method of calculating the depreciation of certain property (that property which is used in a trade or business, or which is held for the production of income) at a faster rate than would be achieved from using the straight line method of depreciation

A clause in a promissory note, agreement of sale, or mortgage which gives the lender the right to call all sums due and payable in advance of the fixed payment date upon the occurrence of a specified event, such as a sale, default, assignment or further encumbrance of the property

The expression of the intention of the person receiving an offer (offeree, usually the seller) to be bound by the terms of the offer

A general or specific right of ingress and egress to a particular property

One of the two types of codes used to uniquely identify a land patent (the other type of ID code is serial number). An accession number directly relates a document image to the original hardcopy document. It identifies the state, volume number and page number of the original GLO document (valid only for the 13 eastern public domain states, with the exception of Iowa).The format of accession numbers is SSVVVV__.PPP where SS is state code, VVVV is the volume number, and PPP is the page number. For example, LA3010__.023 identifies the document on the 23rd page of volume 301 for Louisiana.See also Accession/Serial Number.

Building separate from the main structure on a property. Often used for a specific purpose, such as a workshop, storage shed or garage.

1. The gradual and natural growth of land resulting from forces of nature, as in sediment deposition by a river or stream.
2. The incremental augmentation or accrual of something, such as interest on an investment.

Area measurement (square measure) used primarily in the United States. One (1) acre is equal to 43,560 square feet, 4,046.86 square meters, or 0.4047 hectares.

One (1) acre equals 43,560 square feet. One (1) acre equals ten (10) square chains. One (1) acre equals 160 square rods, poles, or perches. One (1) acre equals 4,840 square yards. One (1) acre equals 4,046.856 square meters. One (1) acre equals 0.4047 hectares. One (1) acre equals 0.0016 square miles or sections. One (1) acre equals 0.004 square kilometers. One (1) acre equals 0.0000434 townships. One (1) acre equals 1.183676 arpents. One (1) acre equals 4.0 roods.

With respect to agricultural commodity policies, acreage limitation generally refers to production controls on the amount of land that can be planted with a particular crop. This often refers to planting restrictions under an acreage reduction program, set-aside, or paid land diversion.

Administered by the Arizona Department of Water Resources (ADWR), the state's Active Management Areas (AMA's) were established to provide long-term management and conservation of limited groundwater supplies. The five (5) AMA's - Prescott, Phoenix, Pinal, Tucson, and Santa Cruz - cover the majority of Arizona's agricultural land and urban population centers that exist where groundwater supplies are extremely limited. Rules governing water use and land development in AMA's are generally more stringent and focused on conservation of water resources in than elsewhere in the state. Applications for new development and subdivisions are managed by ADWR's Office of Assured and Adequate Water Supply under the Assured Water Supply Program.

The amount of time that has passed since a building or other structure was built.

This program operates outside Active Management Areas (AMA's) in the state of Arizona to address water availability in new subdivisions. Developers or subdividers are required to request a water supply assessment for the next 100 years from the Arizona Department of Water Resources (ADWR). If the 100-year water supply is deemed inadequate, lots may be sold only if the developer clearly discloses this fact to potential buyers.

The acquiring of title to real property owned by someone else, by means of open, notorious and continuous possession for the statutory period of time (varies by state).

1. Zoning ordinances that specify certain types of architecture to encourage pleasing or beautiful building appearances. 2. Zoning ordinances that regulate uniformity of architecture, so that new construction is similar to and in scale with existing structures.

A relationship created when one person, the principal delegates to another, the agent the right to act on the principal's behalf in business transactions and to exercise some degree of discretion while so acting. An agency gives rise to a fiduciary relationship and imposes on the agent, as the fiduciary of the principal, certain duties, obligations and high standards of good faith and loyalty.

One who is authorized to represent and to act on behalf of another person (called the principal). A real estate broker is the agent of his client, be it the seller or buyer, to whom he owes a fiduciary obligation. A salesman is the agent of his broker and does not have a direct personal contractual relationship with either the seller or buyer.

Zoning policies intended to protect farmland and farming activities from incompatible nonfarm uses, such as residential and commercial development. Agricultural protection zoning, aslo referred to as agricultural zoning, can specify many factors, such as preferred land use, minimum size of farm or the number of nonfarm or residential dwellings allowed. Agricultural zoning is usually based on historic land use, soil properties, and location and allows activities such as orchards, farms, ranching, or timber production.