Real estate trust definition

Real estate trust means an arrangement evidenced by a writing, the purposes of which include the ownership of real estate and the creation and management of a condominium, under which arrangement one or more trustees are empowered to hold legal title to real estate for the benefit of beneficiaries. Trustees may also be beneficiaries under a real estate trust;[PL 1981, c. 699 (NEW).]
Sample 1Sample 2Sample 3
Real estate trust means an unincorporated business trust organized and operated in conformity with the Real Estate Trust Act;
Sample 1Sample 2Sample 3

Examples of Real estate trust in a sentence

  • Real estate trust accounts must be free from trustee process, except by those persons for whom the brokerage agency has made the deposits and then only to the extent of the interest.

  • Real estate trust funds, other than client funds, may be deposited in an interest- bearing account if thebroker firm obtains from the persons for whom the funds are being held written authorization to deposit the funds in an interest-bearing account and if the authorization specifies how and to whom the interest will be disbursed.

  • Schedule of other specified assets Real estate trust beneficiary interests are included above in “3.

  • Real estate trust in which the Banco de Comercio acted as a trustee from its creation in 2006 until October 6, 2010.

  • Real estate trust will be matched with in-bank financing to control risk and increase income; loans will be made by other banks and peripheral businesses, with the SKB handling the trust business.

  • Summary of the Balance Sheet: (As of July 31, 2021)Anonymous Association Business Real Estate Trust Beneficiary Interests, etc.(Note 1)¥12,016 millionNon-recourse Loan¥7,150 millionOther Liabilities¥744 millionNet Assets (Anonymous Association Equity Interest, etc.)¥5,301 million(Note 2)Other Assets¥1,179 million(Total Assets: ¥13,194 million)(Total Liabilities and Net Assets: ¥13,194 million) (Note 1) Real estate trust beneficiary right etc., includes origination costs, etc.

  • Real estate trust in which Banco de Comercio acted as Trustee from its creation in 2006 until October 6, 2010.

  • Real estate trust companies should deposit trust deeds establishing the arrangements with the District Court in the county where the land subject to the trust is located.

  • Real estate, trust beneficiary rights in trust assets mainly of real estate, etc.

  • Acquired asset: Real estate trust beneficiary interests Trustee: Mizuho Trust and Banking Co., Ltd.

Related to Real estate trust

  • state trust land means land owned by the state-

  • Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof.

  • Real Estate Investment Trust means that term as defined under section 856 of the internal revenue code.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Real Estate Asset means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • real estate agent means any person, who negotiates or acts on behalf of one person in a transaction of transfer of his plot, apartment or building, as the case may be, in a real estate project, by way of sale, with another person or transfer of plot, apartment or building, as the case may be, of any other person to him and receives remuneration or fees or any other charges for his services whether as commission or otherwise and includes a person who introduces, through any medium, prospective buyers and sellers to each other for negotiation for sale or purchase of plot, apartment or building, as the case may be, and includes property dealers, brokers, middlemen by whatever name called;

  • Commercial real estate means real estate or an interest in real estate that is not any of the following:

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Real estate salesperson means an individual who for compensation or valuable consideration is employed either directly or indirectly by a licensed real estate broker to sell or offer to sell, buy or offer to buy, provide or offer to provide market analyses of, list or offer or attempt to list, or negotiate the purchase, sale, or exchange of real estate; to negotiate the mortgage of real estate; to negotiate for the construction of a building on real estate, or to lease or offer to lease, or rent or offer for rent, real estate; who is employed by a real estate broker to engage in property management; or who sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others, as a whole or partial vocation.

  • College property means any property owned, leased, or controlled by a member college of the Virginia Community College System and the administrative office of the Virginia Community College System.

  • Real estate sign means a temporary non-illuminated sign installed, erected or displayed on a property for the notification that a building, premises or portion thereof is offered for sale, rent or lease;

  • Virginia real estate investment trust means a real estate investment trust, as defined in 26 U.S.C.

  • Association Property means that property, real and personal, which is owned or leased by, or is dedicated by a recorded plat to, the association for the use and benefit of its members.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Condominium Corporation means a condominium or strata corporation established under provincial legislation.