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The Alliance performs a National Land Trust Census that keeps track of the land protected by local and regional land trusts. [10] The last [ when? ] Census, conducted in 2003, reported that these trusts have protected almost 9.4 million acres (38,000 km 2 ) of land in the United States , double the 4.7 million acres (19,000 km 2 ) recorded in ...
The building with 21 units was officially purchased in March 2024 by the East New York Community Land Trust (ENYCLT). This property was ENYCLT’s first property, and Brian H. and his fellow ...
A community land trust or (CLT) is a nonprofit corporation that holds land on behalf of a place-based community, while serving as the long-term steward for affordable housing, community gardens, civic buildings, commercial spaces and other community assets on behalf of a community.
Where the property is land or an equitable interest in land, it must be transferred by writing in accordance with Sections 52-3 of the Law of Property Act 1925. When dealing with shares, the transfer is not complete until a transfer document has been completed and the company has entered the change of ownership in its books. [19]
More than one legal owner means the land is deemed to be on trust. This doctrine is designed to bind the parties to act fairly to each other in the eyes of the law of equity . In default of other provision, such as mention of a trust deed, or background facts, the beneficiaries will be deemed to be the trustees (those named on the registered ...
A trust in the US may be subject to federal and state taxation. The trust is governed by the terms under which it was created. In most jurisdictions, this requires a contractual trust agreement or deed. It is possible for a single individual to assume the role of more than one of these parties, and for multiple individuals to share a single role.