Land Trust


Land Trust
A legal agreement where a trustee is appointed to maintain ownership of a piece of real property for the benefit of another party: namely, the beneficiary of the trust. Land trusts are used by several different types of organizations for several reasons; nonprofit entities use them to hold conservation easements, and corporations and investment groups use them to accumulate large portions of land.

These agreements can also be known as Illinois-type land trusts.

Corporations and other institutional buyers sometimes use these trusts to discreetly purchase large tracts of land so as to avoid publicity. Publicity could cause the price of further land purchases to increase and potentially disrupt the firm's plans for developing or profiting from the land. Individuals usually use land trusts for privacy and to avoid probate.


Investment dictionary. . 2012.

Look at other dictionaries:

  • land trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. land trust n. A form of tr …   Law dictionary

  • Land trust — There are two distinct definitions of a land trust: a private, nonprofit organization that, as all or part of its mission, actively works to conserve land by undertaking or assisting in land or conservation easement acquisition, or by its… …   Wikipedia

  • land trust — Property ownership arrangement whereby, pursuant to statute, trustee holds legal and equitable title to trust, and beneficiary, who has personal property interest, retains power of direction over trustee and power to manage and receive income… …   Black's law dictionary

  • land trust — Property ownership arrangement whereby, pursuant to statute, trustee holds legal and equitable title to trust, and beneficiary, who has personal property interest, retains power of direction over trustee and power to manage and receive income… …   Black's law dictionary

  • land trust — noun : an unincorporated association for holding real estate by putting the title in one or more trustees for the benefit of the members * * * land trust noun. an organization set up to acquire land or the rights to use it in order to conserve… …   Useful english dictionary

  • Land Trust Alliance — The Land Trust Alliance is a national conservation group representing more than 1,700 land trusts across the United States. The organization describes its objectives as working to increase the pace and quality of conservation by advocating… …   Wikipedia

  • land trust certificate — Instrument granting participation in benefits of ownership of property, while trustee retains title. See land trust …   Black's law dictionary

  • land trust certificate — Instrument granting participation in benefits of ownership of property, while trustee retains title. See land trust …   Black's law dictionary

  • Community land trust — A community land trust is a nonprofit corporation which acquires and manages land on behalf of the residents of a place based community, while preserving affordability and preventing foreclosures for any housing located upon its land. Contents 1… …   Wikipedia

  • World Land Trust — The World Land Trust (formerly the World Wide Land Conservation Trust) is a UK based nonprofit environmental organization established in 1989. Its primary aims are to ensure conservation of plants, animals and natural communities in areas at risk …   Wikipedia


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