LAND
TRUST
LAND TRUSTS
ADVANTAGES OF LAND TRUSTS
INSTITUTE FOR COMMUNITY ECONOMICS
CONSERVATION LAND TRUSTS
COMMUNITY LAND TRUSTS
LAND TRUSTS LINKS
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SECTION 1
LAND
TRUSTS
A land trust is an agreement whereby one party
(the trustee) agrees to hold ownership of a
piece of real property for the benefit of another
party (the beneficiary). Land trusts are used by
nonprofit organizations to hold conservation
easements, by corporations and investment groups
to compile large tracts of land, and by individuals
to keep their real estate ownership private, avoid
probate and provide several other benefits.
A community or conservation land trust is an
organization established to hold land and to
administer use of the land according to the
charter of the organization. A land trust is
a useful way to manage complex divisions of
the Bundle of Rights that people can own in
real estate, and can be used to manage
something as large and complex as a
multi-state REIT, or as common and small as
a single-family home.
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SECTION 2
ADVANTAGES
OF
LAND
TRUSTS
Some of the other advantages of land trusts
for individuals are:
Sales price of the property can be kept off
the public records.
Property taxes are lower if the purchase
price is kept private.
Judgments or liens (such as IRS liens) against
an individual's name are not a lien against
their land trust property.
Partners can more easily continue a project
if one dies or is divorced.
Interests can be transferred quickly without
recording a deed.
Managing a rental property is easier when
the trustee can be blamed.
Negotiating a purchase or sale can be easier
when the trustee can be blamed.
Liability on financing can be limited to the
assets of the trust.
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SECTION 3
INSTITUTE
FOR
COMMUNITY
ECONOMICS
An Institute for Community Economics
was organized in the late 1960s to
help residential trusts:
Gain control over local land use and
reduce absentee ownership.
Provide affordable housing for lower
income residents in the community.
Promote resident ownership and control
of housing.
Keep housing affordable for future
residents.
Capture the value of public investment
for long-term community benefit.
Build a strong base for community action.
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SECTION 4
CONSERVATION
LAND
TRUST
The goal of conservation trusts is to
perpetually preserve sensitive natural
areas, farmland, ranchland, water sources,
or notable landmarks.
These include enormous international organizations
such as The Nature Conservancy or World Land Trust,
as well as smaller organizations that operate on
national, state/provincial, county, and community
levels.
Conservation trusts often, but not always, target
lands adjacent to or within existing protected
areas.
Land trust
http://en.wikipedia.org/wiki/Land_trust/
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SECTION 5
COMMUNITY
LAND
TRUST
A community land trust is a property
trust which aims to benefit the
surrounding community by ensuring the
long-term availability of affordable
housing.
The community land trust (CLT) is an
equitable and sustainable model of
affordable housing and community
development that has slowly spread
throughout the United States during
the past 30 years.
National Community Land Trust Network
http://www.nationalclt.org
Community land trust
http://en.wikipedia.org/wiki/Community_land_trust/
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SECTION 6
LAND
TRUST
LINKS
American Farmland Trust
http://www.farmland.org/
Community Land Trust
http://www.communitylandtrust.org.uk/
Community Land Trusts
http://www.community-wealth.org/
Community Land Trusts
http://whatworksforhealth.wisc.edu/program.php?t1=109&t2=126&t3=86&id=354
Creating Land Trusts
http://www.possibility.com/LandTrust/
Forest Society
http://www.forestsociety.org/
Institute for Community Economics
http://www.iceclt.org/
The Land Trust Alliance
http://www.lta.org/
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Land Trust BC
http://www.landtrustalliance.bc.ca/
Land Trust GIS
http://www.landtrustgis.org/
Charles Stewart Mott Foundation
http://www.mott.org/
National Community Land Trust Network
http://www.nationalclt.org/
The Northeast Farmers of Color Land Trust (NEFOC)
https://nefoclandtrust.org/
Office of Public Sector Information
http://www.opsi.gov.uk/
THE SMART GROWTH NETWORK
http://www.smartgrowth.org/
Trust for Public Land
http://www.tpl.org/
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