A Lima Arizona Nominee Agreement to Hold Title to Real Property is a legal document that outlines the rights and responsibilities of individuals or entities involved in holding the title of a real property on behalf of another party. This agreement is commonly used in Arizona as a means to protect the anonymity, privacy, or other specific needs of property owners. In a Lima Arizona Nominee Agreement, the nominee (also known as the "nominee holder") agrees to hold the legal title of a property for the beneficial owner while allowing the beneficial owner to retain control and possession. This arrangement is often sought after by individuals or entities who wish to shield their identity from public records or maintain confidentiality. One type of Lima Arizona Nominee Agreement is the Individual Nominee Agreement, where an individual is designated as the nominee holder for the real property. This type of agreement is generally used when a single person wants to maintain anonymity in property ownership. Another type of Lima Arizona Nominee Agreement is the Corporate Nominee Agreement, where a corporation is chosen as the nominee holder for the property. This option is often utilized by businesses or groups who prefer to have the title held in the name of a corporate entity rather than an individual. The Lima Arizona Nominee Agreement typically includes key provisions such as the responsibilities and obligations of the nominee holder, the rights and powers granted to the beneficial owner, the duration and termination of the agreement, and any specific conditions or limitations agreed upon by both parties. By utilizing a Lima Arizona Nominee Agreement, parties involved can protect their privacy, maintain confidentiality, or meet other specific goals related to property ownership. However, it is crucial to seek legal advice to ensure compliance with local laws and regulations when entering into such an agreement.
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.