Letter of Intent to Donate Land with Fee Simple Interest

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.

Transfer your interest in a real estate property to a trustee with this Illinois Warranty Deed in Trust.

• The Warranty Deed is made in connection with a land trust agreement between the seller (the grantor) and the trustee.
• The trustee is given full power and authority to manage, improve, protect, subdivide, and lease the property.
• The grantor releases all of its interest in the property to the trustee.
• This document should be recorded with the appropriate land title office.
• The form is available in MS Word format.
• Intended to be used only in the State of Illinois.

Set out the status of negotiations for the donation of a conservation easement to a land trust with this Letter of Intent template.

• The parties will negotiate the terms of a Conservation Easement Donation Agreement based on the discussions outlined in the LOI.
• The donor is the registered owner of the land, and will donate the easement unconditionally to the trust.
• The trust will use its best efforts to conserve and maintain the lands covered by the easement.
• The letter includes confidentiality provisions which are legally binding on both parties, and will survive any termination of the transaction and discussions between the parties.

You can download the Letter of Intent template immediately after you purchase it.

Lease out Ontario agricultural land owned by a land trust with this Ontario Farm Land Lease Agreement.

• This Agreement can be used for land that was previously owned by the lessee and was purchased by the land trust, which is now leasing it back to the lessee.
• The lessee agrees to use the land for agricultural and wildlife management purposes only.
• The lessee will pay all realty taxes and other assessments with respect to the land.
• The lessee is responsible for carrying all required insurance.
• The lessee will cultivate the land, control weeds and grass, and maintain culverts and underdrains to ensure proper drainage.
• Available in MS Word format.
• Intended for use only in the Province of Ontario, Canada.