Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 33. Property |
Chapter 2. ESTATES |
Article 1. Definitions and Classifications |
Sec 33-202. Estates as property interest; freeholds; chattels real; chattel interests
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A. Estates of inheritance and for life are freehold estates, except that an estate for the life of a third person, whether limited to heirs or otherwise, is a freehold only during the life of the grantee or devisee, and after his death is a chattel real.
B. Estates for years are chattels real.
C. Estates at will or by sufferance are chattel interests, but are not liable as such to sale on execution.