Florida Land Trust Sample

What is a land trust agreement.

Florida land trust sample. 171 0 kb pdf. A land trust agreement is a legal document where the trustee is the one that holds the legal title and this is for all the property which is held in the trust and the beneficiary of the trust is the llc this means that the beneficiaries get to use the property as well as to use whatever income is generated by the property. Upon the trust and for the purposes set forth in this warranty deed to trustee and in the florida land trust no. Xx xxxx dated 2009 trust agreement.

One is a deed in trust conveying the real estate to a trustee. Zimmerman kiser sutcliffe is a florida law firm specializing in bankruptcy creditor s rights corporate estate planning and probate labor employment litigation real estate tax and workers compensation landmark center one 315 east robinson street suite 600 orlando fl 32801. A florida land trust is a private agreement among several people to operate manage and hold legal title to florida real property 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 a land trust agreement is a legal agreement under which the trustmaker appoints another. A florida land trust is an effective vehicle to hold legal title to florida real estate for both foreign nationals and u s.

What is a land trust in florida. There are two basic instruments required to establish a land trust. Each state has its own separate laws to govern its land trusts meaning that land trusts differ from state to state. North florida land trust is a non profit organization committed to protecting and preserving the natural heritage of north florida.

We work to ensure our region s treasured lands will be protected and enjoyed by future generations. The other is a trust agreement defining the rights and duties of the trustee and the beneficiaries which is mentioned in the deed of trust but is not recorded. In essence what might be binding in one state would have no effect in another state. A florida land trust is a great vehicle you can use to own real estate in florida whether you are a us citizen or foreigner.

A land trust is a device by which a trustee holds legal and equitable title to real property under a recorded deed of trust and the beneficiaries hold personal property rights of use and enjoyment to the.