Trust Deed and Mortgage for Syndicated Land Investment | Canada

Prepare a Trust Deed and Mortgage for a syndicated land investment in Canada with this downloadable template.

• This Deed creates a number of mortgages which will be registered against title to lands on which a condominium project will be developed.
• The mortgages form the basis of a syndicated (fractional) investment offering.
• Investors can purchase an interest in the mortgages and will be paid a guaranteed rate of interest on their investment.
• The Trust Deed appoints a trustee who will hold title to the lands on behalf of all of the investors (mortgagees).
• The mortgages are all first mortgages and all rank equally with one another.
• The mortgagor can pay out the mortgage at any time, but must pay a bonus to the investors equal to 12 months' interest on the mortgage balance.
• This legal form template is available in MS Word format and is fully editable.
• Governed by Canadian laws and intended for use only in Canada.