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Document Id : 4067
File Type : Microsoft Word
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Alberta Trust and Indemnification Agreement for Land
Use this template to prepare a Trust and Indemnification Agreement for Alberta.
- The Agreement is drawn up with respect to land which will be registered in the name of the trustee as bare trustee, to be held in trust on behalf of another party who is the beneficial owner.
- The parties will each pay their separate debts, except for expenses already incurred, which will be paid by the owner.
- The parties will keep each other indemnified against claims arising with respect to the land.
- The trustee has the power to lease or mortgage the land, with the consent of the owner.
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