Common Contracts
1 similar Land Trust Agreement contracts
Land trust agreement pdfLand Trust Agreement • July 4th, 2023
Download Land trust agreement sample DOC: 171.0 KB | PDF: 74.2 KB (4 pages) ( 4.5, 11 votes ) A land trust is a private agreement to hold the title to real estate. With a land trust, one party, the trustee, agrees to hold title to the property for the benefit of another party or parties, the beneficiary(ies). The one who establishes the trust is the settlor. Next, we will do a further breakdown to clarify the roles for each party to the trust. Settlor The settlor who created the trust is usually the one who held the title to the property before transfer into the trust. The settlor is often the beneficiary of the trust as well. So, naturally, the people who call us to establish land trusts are usually the people who own the real estate. Beneficiary The beneficiary typically receives the benefits of the property that the land trust owns. So, the trust beneficiary usually enjoys the proceeds of the rental or sale of the property that the trust owns. Alternatively, the beneficiary will oft
