Products tagged with 'fractional ownership of land'

Sort by

Display per page

Trust Deed and Mortgage for Syndicated Land Investment | Canada

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.

$46.99

Undivided Interest. Investors will be issued a promissory note and mortgage certificate by the mortgagor and will be owners of an undivided interest in the mortgage.
Security. Each Note Certificate issued, negotiated and certified shall be equally and ratably secured by the mortgage.
Payments. If a Note Certificate is registered in more than one name, any payments of principal and interest under the note will be paid by cheque payable to the order of all the holders named on the certificate, unless written instructions to the contrary are provided to the mortgagor.
Prepayment Rights. The mortgagor has the right to prepay any of the Note Certificates without penalty, upon payment of all interest accrued and unpaid as at the date of such payment.
Available in MS Word format.
Intended to be used only in the Province of Alberta, Canada.

$46.99

The Certificates are issued to the investors (co-owners) by a company which is acting as bare trustee of the land on behalf of the co-owners.
The Certificate represents the investor's undivided interest in the mortgage and as a co-owner of the land.
This template is available in MS Word format and is fully editable.
Intended for use only for lands located in the Province of Alberta.

$2.29

The agreement is between the various investors (co-owners of undivided interests in the syndicated mortgage), a trustee holding the land and an agent acting on behalf of the co-owners.
The co-owners grant the agent power to act as attorney on their behalf with respect to leasing, subdividing, rezoning, sale or otherwise dealing with the lands which are subject to the mortgage.
The mortgaged lands are registered in the name of the trustee, who holds the lands in trust for the co-owners. The co-owners each hold an undivided interest in the lands as tenants-in-common.
The agent will collect funds under the mortgage on behalf of the co-owners and make distributions to the owners from those funds.
The agreement provides for meetings of co-owners, and the keeping of books, records and financial information by the agent.
This form is part of the paperwork required for a syndicated mortgage investment in Canada.

$29.99

The offering will be made to Canadian residents who want to invest in the syndicated mortgage. Information contained in the memorandum includes:
- encumbrances which are allowed to be registered against title to the land,
- information relating to the land and the proposed development,
- the corporate history and details of the parties involved (lender, land developer),
- details of the purchase and sale agreement for the land,
- details of the co-owner agreement among all the co-owners
- a warning to investors about the speculative nature of the investment.
This template is available as a fully editable MS Word document. Intended for use only in Canada.

$17.99

The offer is made by an investor who wants to purchase an undivided interest in a syndicated mortgage investment.
The offer contains representations and warranties given by each party.
The purchaser, as a co-owner of the lands, directors that title be held in trust by the trustee appointed under the Co-ownership Agreement made among all the co-owners.
The purchaser grants the vendor an unconditional irrevocable option to repurchase the interest for the purchase price.
This legal form template is downloadable and editable.
Intended for use only in Canada.

$17.99