Arizona § 48-605 - Redemption
Full text of Arizona Arizona Revised Statutes § 48-605 — Redemption, with citation guidance and answers to common questions.
§ 48-605. Redemption
A. Redemption may be made by any party having an interest in the lot at any time before the execution and delivery of a deed therefor by paying to the superintendent the amount for which the property was sold and five per cent thereon if paid within three months from the date of sale, ten per cent if paid within six months, twelve per cent if paid within nine months, fifteen per cent if paid within twelve months, or twenty per cent if paid after twelve months.
B. When redemption is made, the superintendent shall note that fact on the duplicate certificate of sale in his office and deposit the amount paid with the treasurer, who shall credit the purchaser named in the certificate of sale with the amount, and pay the amount to such purchaser or his assignee, upon the surrender of the certificate of sale.
C. When the municipality is the purchaser, the treasurer shall notify the clerk of the redemption, and the clerk shall thereupon cancel the certificate of sale in his office.
Frequently Asked Questions About Arizona § 48-605
What does Arizona Revised Statutes § 48-605 cover?
Section 48-605 ("Redemption") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 48-605?
A common citation format is "Arizona Revised Statutes § 48-605" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 48-605 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.