Trust Agreement

• Category: North Carolina Affidavits
• State: North Carolina
• Control #: NC-S003ST
• Format: Word; Rich Text

Description What Is A Trust Agreement

A trust agreement is a legal document that defines the rules intended by the trustor or grantor who originally owns the properties by which shall be held in trust by the trustee for the benefit of the grantor or trustor's beneficiaries. Land trusts are meant to create liability and privacy protections for landowners. Real estate investors, individuals, and entities use land trusts to help create separation for personal finances and property. The North Carolina Land Trust Agreement is a legal document that allows landowners to protect their land from being developed or sold for commercial purposes. It is an agreement between the landowner and a qualified nonprofit land trust in which the landowner transfers legal title to the land trust, and the land trust holds the title in trust for the conservation of the land. The land trust is responsible for managing and protecting the land according to the landowner's wishes. Depending on the specific situation, the landowner may retain the right to use the land for recreational purposes, such as hunting, fishing, and hiking. There are two types of North Carolina Land Trust Agreement: the Conservation Easement and the Deed of Conservation Trust. The Conservation Easement is an agreement between the landowner and a qualified nonprofit land trust in which the landowner transfers specific rights to the land trust, such as the right to develop or sell the land. The Deed of Conservation Trust is a document that conveys full legal title to the land trust, allowing the land trust to manage and protect the land as they see fit, while still allowing the landowner to use the land for recreational purposes.

The North Carolina Land Trust Agreement is a legal document that allows landowners to protect their land from being developed or sold for commercial purposes. It is an agreement between the landowner and a qualified nonprofit land trust in which the landowner transfers legal title to the land trust, and the land trust holds the title in trust for the conservation of the land. The land trust is responsible for managing and protecting the land according to the landowner's wishes. Depending on the specific situation, the landowner may retain the right to use the land for recreational purposes, such as hunting, fishing, and hiking. There are two types of North Carolina Land Trust Agreement: the Conservation Easement and the Deed of Conservation Trust. The Conservation Easement is an agreement between the landowner and a qualified nonprofit land trust in which the landowner transfers specific rights to the land trust, such as the right to develop or sell the land. The Deed of Conservation Trust is a document that conveys full legal title to the land trust, allowing the land trust to manage and protect the land as they see fit, while still allowing the landowner to use the land for recreational purposes.