Common Contracts
1 similar Land Trust Agreement contracts
Land trust agreement floridaLand Trust Agreement • October 20th, 2023
This article explains how land trusts work in Florida, and discusses how they could benefit you. A land trust is essentially holding real estate by contract. The land trust document (contract) is created by the trustee, who must be a third person or entity, and holds the property for the beneficiary, who is another individual or entity. Because only the name of the land trust appears on the property’s deed, the beneficiary remains anonymous. A Florida land trust is comprised of the Deed in Trust and the Trust Agreement. The Deed in Trust is the document in which the legal title of the property is transferred to the trust. The Trust Agreement outlines the abilities of the trustee to act. There are a few important terms to understand in relation to Florida land trusts: Trustee: The individual or entity who holds the legal title of the real estate placed into the trust.Beneficiary: The individual or entity identified in the trust as receiving the benefit of the trust. The beneficiary has
