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Updated over 5 years ago on .

User Stats

92
Posts
15
Votes
Jonathan Newsome
  • Rental Property Investor
  • Dallas, TX
15
Votes |
92
Posts

Land Trust question..

Jonathan Newsome
  • Rental Property Investor
  • Dallas, TX
Posted

Quick question about assigning beneficial interest in a land trust. I’ve got a property under contract with the “buyer” being a land trust. I will be assigning this property over to another investor.

When assigning beneficial interest of the trust over to another investor, what document(s) is used to show the assignment fee? Would that just be recorded on the “assignment of beneficial interest” document or would I just draw up a regular assignment of contract to show the fee for assigning?