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Updated almost 12 years ago on . Most recent reply

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Mark Goodman
  • Ponte Vedra Beach, FL
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Land Trust and paperwork

Mark Goodman
  • Ponte Vedra Beach, FL
Posted

Okay, I purchased a property under a land trust (new to me) and filled out the Land Trust agreement (stuck this in a file cabinet). Now it's ready to rent. Do you sign leases - ABC Land Trust, John Doe trustee or do you just sign agreements with your name only?

Also, did I skip any steps with this land trust development?

Thanks for your help!

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

If the property is in the trust the landlord would sign as ABC Trust dtd 06-05-12 by John Doe, Trustee. Or, John Doe as Trustee, ABC Trust dtd 06-05-12.

dtd is the date the trust was established and is used for verification purposes for filings and identy in the event the is another ABC Trust as they can have similar or same names. Like the John C. Smith Trust, there could very well be another John C. Smith but unlikely they were both established on the same date.

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