Products tagged with 'land trust form'

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.

Do you plan to donate land to a Land Trust? Put your intentions in writing with this customizable Letter of Intent template.

• Fee simple title to the land will be donated pursuant to the terms of a land donation agreement to be negotiated between you as the donor and the land trust as recipient.
• The donor is the registered owner with a fee simple interest in the land, and will donate the land unconditionally to the trust.
• The trust will use its best efforts to conserve and maintain the lands.
• 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.
• To access the Letter of Intent template, add it to your shopping cart, click on checkout and choose your payment option, then download the form.
• Available in MS Word format.

Clarify the terms of agreement for the donation of a conservation easement to a land trust with this Letter of Intent template.

This Letter of Intent (LOI) serves to clarify the terms of agreement for the donation of a conservation easement to a land trust by the land owner. It outlines the key points that will guide the negotiation and drafting of a formal agreement between the parties.

Negotiation of Agreement

Both parties agree to negotiate the terms of a formal Conservation Easement Donation Agreement, taking into consideration the discussions and understandings specified in this LOI.

Donor's Commitment

The donor, who is the registered owner of the land in question, intends to donate the conservation easement to the trust unconditionally.

Trust's Responsibilities

Upon acceptance of the easement, the trust will use its best efforts to conserve and maintain the lands that are subject to the easement.

Confidentiality

This LOI incorporates confidentiality provisions that are legally binding on both parties. These provisions will remain in effect and survive any termination of the transaction or the discussions between the parties.

Document Format and Applicability

The Letter of Intent is available in MS Word format and can be downloaded immediately after purchase. It is a generic document, suitable for use almost anywhere.

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.

Set up a land trust to preserve certain lands for conservation, agricultural or recreational purposes with this Land Trust Agreement for British Columbia.

• The trustee will have the powers necessary to lease, sell, mortgage or otherwise deal with the land but shall only exercise these powers at the direction of the beneficiaries.
• The trustee is required to maintain a current list of all beneficiaries and to furnish the beneficiaries with an annual statement of Trust income and expenses.
• The trustee will have no personal liability for any obligation of the Trust.
• The agreement provides for the resignation and replacement of the Trustee.
• The beneficiaries are individually responsible for reporting their respective share of the profits and earnings from the Trust.
• The trustee is instructed to terminate the trust and distribute the Trust property prior to the legally permitted time period for the existence of the Trust under applicable laws.