• Declaration Of Trust

    By Guest on 04th Sep 2016


    I write to gain information regarding whether specific clauses may be introduced into a Declaration of Trust document between a property owner in partnership with a property developer where recognition for increased value through developer investment needs to be rewarded with part ownership of a section of the land belonging to the property. Developer requires some protection of investment and first refusal on a sale. How would I as developer go about achieving this?
    Also if the reward for the renovation is agreed as the collection of rental yield for a specific period of time, would this clause be acceptable within the Declaration of trust where owener retains title?
    Are there more appropriate documents which relate to this type of situation?
    Both property developer and owner may work together on developing part of the land subject to planning.
    thanks in advance

  • 1 Answers

    By Guest on 04/09/2016

    Hello,

    What you suggest can be achieved via a declaration of trust, protected by a restriction on the title, but for such a complex arrangement you shouldn't attempt to draft the declaration yourselves and should instead seek the advice of a trust lawyer

  • Post Your Answer


  • Do you want to be informed of further comments / replies? Yes No

Ask a Question

Search