Arizona Laws 48-2072. Certificate of sale; lien
A. After making the sale, the agent designated by the board shall execute, in duplicate, a certificate of sale stating the description of the property sold, the name of the owner given on the record of the assessment, that the property was sold for a delinquent assessment, the improvement for which the assessment was made, the amount for which the property was sold, the date of sale, the name of the purchaser and the time the purchaser is entitled to a deed. The agent shall file one copy of the certificate in the district office and shall deliver the other to the purchaser.
Terms Used In Arizona Laws 48-2072
- Board: means the board of directors of the district or the board of supervisors acting as the board of directors pursuant to section 48-2010. See Arizona Laws 48-2041
- Deed: The legal instrument used to transfer title in real property from one person to another.
- improvement: means any of the improvements authorized to be made by this article, the construction, reconstruction and repair of all or part of the improvements and labor, services, incidental expenses and material necessary or incidental to the improvements. See Arizona Laws 48-2041
- Lien: A claim against real or personal property in satisfaction of a debt.
- Lot: means any portion, piece, parcel or subdivision of land or property, or property owned or controlled by any person as a railroad right-of-way. See Arizona Laws 48-2041
- Owner: means the person who, on the day the action or proceeding is begun, possesses legal title to the lot by deed recorded in the county recorder's office or the person in possession of the lot under claim of title or exercising acts of ownership over the lot for himself or as the personal representative of the owner. See Arizona Laws 48-2041
- Property: includes both real and personal property. See Arizona Laws 1-215
B. After the copy of the certificate is filed in the office of the district, the lien of the assessment vests in the purchaser and is only divested by a redemption of the property as provided in this article.
C. The agent shall also enter on the record of the assessment, opposite the description of each lot offered for sale, a description of the part sold, the amount for which it was sold, the date of sale and the name of the purchaser.