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Trust Agreement for Land
Prepare a simple Trust Agreement for Land with this downloadable template form.
Who are the parties to the Trust Agreement?
The agreement is between a trustee corporation and a party that wants to purchase the land.
Obligations of the Parties
The trustee corporation agrees to hold the land as bare trustee on behalf of the purchaser, which will be the beneficial owner. The purchaser will provide the funds for the purchase.
The purchaser agrees to indemnify and hold the trustee harmless against all claims and demands.
Format and Scope of Use
The Trust Agreement for Land is available in MS Word format and is fully customizable to meet your requirements. This is a generic legal form which does not contain references to any specific statutes.
$6.50
Wraparound Mortgage for Condominium | Canada
Place a wraparound mortgage on a condominium project under this template Canadian mortgage form.
- The wraparound mortgage covers the entire condo project.
- The loan includes the remaining balance of an existing first mortgage plus an additional amount requested by the mortgagor (borrower).
- Full payments on both mortgages are made to the wrap around mortgagee (lender), who then forwards the payments for the first mortgage to the first mortgagee.
- Interest is calculated and compounded monthly.
- Property taxes are to be paid by the mortgagor in 12 equal monthly instalments.
- The mortgagee may pay the taxes as they come due and charge interest at the mortgage rate on any debit balance in the tax account.
- To access this legal form, add it to your cart and click the Checkout button to pay for the form. You can then download it.
- Intended for use only in Canada.
$29.99
Illinois Land Trust Agreement
Draw up a Land Trust Agreement for land in Illinois with this downloadable template.
- A land trust is a method of real estate ownership in which a trustee holds legal title to the real estate.
- The trust's beneficiaries have full power to dispose of the property and complete control over its management.
- The beneficiaries' rights and powers pass to their executors upon their death, and do not form part of their estate.
- The beneficiaries have the right to revoke, alter or amend the trust agreement on written notice to the trustee.
- The beneficiaries are responsible for filing tax reports and paying all real estate taxes and charges on the property.
- Available in MS Word format and fully editable.
- Intended for use only in the State of Illinois.
$17.99