There are two basic instruments required to establish a land trust. One is a deed in trust conveying the real estate to a trustee. The other is a trust agreement defining the rights and duties of the trustee and the beneficiaries, which is mentioned in the deed of trust but is not recorded. The deed in trust should convey title to real property to a trustee and confer complete trust powers on the trustee so that the trustee can deal with third parties without reference to the trust agreement. Restrictions on the trustee's powers should be set forth in the trust agreement.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Miami-Dade Florida Land Trust Agreement is a legal agreement used for the purpose of land conservation and protection in Miami-Dade County, Florida. It is a unique mechanism designed to preserve natural resources, promote affordable housing, and facilitate community development through the establishment of land trusts. A land trust agreement involves the transfer of the legal title of a property from the owner (known as the granter) to a trust entity (known as the trustee) for the benefit of the community or a specified beneficiary. The trust holds the property, preserving it and ensuring its use adheres to specific guidelines and restrictions outlined in the agreement. The Miami-Dade County's land trust program offers different types of land trust agreements, each serving different preservation goals and requirements. These include: 1. Conservation Land Trust Agreement: This type of agreement is focused on protecting ecologically significant areas, such as wetlands, forests, and natural habitats. It aims to conserve biodiversity, prevent habitat fragmentation, and maintain natural areas for future generations. Conservation land trust agreements involve strict restrictions on development and intensive land management practices maintaining the ecological value of the protected lands. 2. Affordable Housing Land Trust Agreement: Miami-Dade County recognizes the need for affordable housing options and provides land trust agreements to promote the availability of affordable homes. These agreements involve the transfer of land to the trust, alongside affordability covenants that regulate the sale, rental, or lease terms of the housing units built on the trust-owned land. The goal is to ensure long-term affordability and prevent speculative pricing. 3. Community Development Land Trust Agreement: This type of land trust agreement is designed to promote community-oriented development projects, such as community gardens, educational facilities, recreational areas, or cultural centers. The agreement allows the trust to hold the land and oversee its development, ensuring that it meets the needs of the community and contributes positively to the overall neighborhood. The Miami-Dade Florida Land Trust Agreement is a powerful tool that enables landowners to voluntarily contribute to the preservation and enhancement of the county's natural resources and the community's well-being. By incorporating various types of land trust agreements, Miami-Dade County aims to balance environmental conservation, affordable housing initiatives, and community development, ultimately making the region a sustainable and equitable place to live.Miami-Dade Florida Land Trust Agreement is a legal agreement used for the purpose of land conservation and protection in Miami-Dade County, Florida. It is a unique mechanism designed to preserve natural resources, promote affordable housing, and facilitate community development through the establishment of land trusts. A land trust agreement involves the transfer of the legal title of a property from the owner (known as the granter) to a trust entity (known as the trustee) for the benefit of the community or a specified beneficiary. The trust holds the property, preserving it and ensuring its use adheres to specific guidelines and restrictions outlined in the agreement. The Miami-Dade County's land trust program offers different types of land trust agreements, each serving different preservation goals and requirements. These include: 1. Conservation Land Trust Agreement: This type of agreement is focused on protecting ecologically significant areas, such as wetlands, forests, and natural habitats. It aims to conserve biodiversity, prevent habitat fragmentation, and maintain natural areas for future generations. Conservation land trust agreements involve strict restrictions on development and intensive land management practices maintaining the ecological value of the protected lands. 2. Affordable Housing Land Trust Agreement: Miami-Dade County recognizes the need for affordable housing options and provides land trust agreements to promote the availability of affordable homes. These agreements involve the transfer of land to the trust, alongside affordability covenants that regulate the sale, rental, or lease terms of the housing units built on the trust-owned land. The goal is to ensure long-term affordability and prevent speculative pricing. 3. Community Development Land Trust Agreement: This type of land trust agreement is designed to promote community-oriented development projects, such as community gardens, educational facilities, recreational areas, or cultural centers. The agreement allows the trust to hold the land and oversee its development, ensuring that it meets the needs of the community and contributes positively to the overall neighborhood. The Miami-Dade Florida Land Trust Agreement is a powerful tool that enables landowners to voluntarily contribute to the preservation and enhancement of the county's natural resources and the community's well-being. By incorporating various types of land trust agreements, Miami-Dade County aims to balance environmental conservation, affordable housing initiatives, and community development, ultimately making the region a sustainable and equitable place to live.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
