Ariz. Rev. Stat. § 47-9109
A. Except as otherwise provided in subsections C and D of this section, this chapter applies to:
C. This chapter does not apply to the extent that:
D. This chapter does not apply to:
10. A right of recoupment or setoff, but:
11. The creation or transfer of an interest in or lien on real property, including a lease or rents thereunder, except to the extent that provision is made for: