Arizona § 11-965 Expenses incidental to transfer of property

Arizona Statutes

§ 11-965 — Expenses incidental to transfer of property

Arizona § 11-965

Title 11Arizona Revised Statutes

Ch. 7INTERGOVERNMENTAL OPERATIONS

Art. 4Relocation Assistance

This text of Arizona § 11-965 (Expenses incidental to transfer of property) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 11-965 (2026).

Text

A.In addition to the payments authorized by sections 11-963 and 11-964, the acquiring agency as a part of the cost of the project, after the date of payment of the purchase price or the date of deposit in court of funds to satisfy the award or compensation in a condemnation proceeding to acquire real property, whichever is the earlier, shall reimburse the owner to the extent it deems fair and reasonable for expenses he necessarily incurred for:

1.Recording fees, transfer taxes and similar expenses incidental to conveying such real property.

2.Penalty costs for prepayment of any preexisting recorded mortgage entered into in good faith encumbering such real property.

B.In addition to the reimbursements authorized by subsection A of this section, the acquiring agency shall reimburse th

Free access — add to your briefcase to read the full text and ask questions with AI

A. In addition to the payments authorized by sections 11-963 and 11-964, the acquiring agency as a part of the cost of the project, after the date of payment of the purchase price or the date of deposit in court of funds to satisfy the award or compensation in a condemnation proceeding to acquire real property, whichever is the earlier, shall reimburse the owner to the extent it deems fair and reasonable for expenses he necessarily incurred for:

1. Recording fees, transfer taxes and similar expenses incidental to conveying such real property.

2. Penalty costs for prepayment of any preexisting recorded mortgage entered into in good faith encumbering such real property.

B. In addition to the reimbursements authorized by subsection A of this section, the acquiring agency shall reimburse the owner for paid real property taxes in excess of the owner's pro rata portion allocable to a period subsequent to the date of vesting of title in the acquiring agency or the effective date of the possession of such real property by the acquiring agency, whichever is earlier.