Common Contracts
1 similar Land Trust Agreement contracts
Land trust agreement floridaLand Trust Agreement • June 26th, 2023
For the most part, people cannot look up what you own. But real estate is different. The identity of property owners is publicly available in county records. Fortunately, however, there is still a way hide the fact that you own a particular piece of real estate: a land trust. A land trust is a private agreement that hides property ownership from the general public. In Florida, land trusts operate under section 689.071 of Florida law, also known as the Florida Land Trust Statute or the Florida Land Trust Act. In a Florida land trust, a trustmaker appoints another person to serve as trustee to hold legal title to real estate property for the benefit of the beneficiary (typically the trustmaker). A land trust is considered a revocable grantor trust. Florida Statute 689.071 controls how land trusts work. The statute governs important features of land trust agreements including trustee powers, trustee liability, and beneficiary rights.
