Arizona Real Estate Exam 2025–2026 | Complete Study Guide &
Practice Questions
Encumber, Access, Use,
Transfer, Exclude are all Bundle of Rights
Real Property that you can
Corporeal
touch is
Real Property you can
Incorporeal
NOT touch is
Chattel is Personal Property
Adjoining landowners that
have the right to use
Littoral Rights
the water is called
Enabling Legislation is
Police Power
Taking private property for
public us is Eminent Domain
Reversion of property to
state if property owner
dies without a will or heirs Escheat
is
Lessor is the Owner/Landlord
Lessee is the Renter/tenant
, Arizona Real Estate Exam 2025–2026 | Complete Study Guide &
Practice Questions
Landlord receives fix rent
& pays all other costs is Gross lease
Lessor will NOT pay main-
tenance, insurance, taxes Net Lease
this is called
Landlord receives a % of
Percentage Lease
gross sales
Lease that allows the pay-
ments to adjust up or down Index Lease
is called
A lease that starts low and
then increases at set inter- Graduated Lease
vals is called
A lease were one person
owns the land and the oth-
Ground Lease
er improvements is called
Ownership in Estate is
Freehold Ownership
called
The highest ownership
without conditions is called Fee Simple Absolute
Practice Questions
Encumber, Access, Use,
Transfer, Exclude are all Bundle of Rights
Real Property that you can
Corporeal
touch is
Real Property you can
Incorporeal
NOT touch is
Chattel is Personal Property
Adjoining landowners that
have the right to use
Littoral Rights
the water is called
Enabling Legislation is
Police Power
Taking private property for
public us is Eminent Domain
Reversion of property to
state if property owner
dies without a will or heirs Escheat
is
Lessor is the Owner/Landlord
Lessee is the Renter/tenant
, Arizona Real Estate Exam 2025–2026 | Complete Study Guide &
Practice Questions
Landlord receives fix rent
& pays all other costs is Gross lease
Lessor will NOT pay main-
tenance, insurance, taxes Net Lease
this is called
Landlord receives a % of
Percentage Lease
gross sales
Lease that allows the pay-
ments to adjust up or down Index Lease
is called
A lease that starts low and
then increases at set inter- Graduated Lease
vals is called
A lease were one person
owns the land and the oth-
Ground Lease
er improvements is called
Ownership in Estate is
Freehold Ownership
called
The highest ownership
without conditions is called Fee Simple Absolute
