land trust

(redirected from Land Trusts)

Land Trust

1. A trust in which a grantor deposits one or more pieces of real estate. A trustee is given the right to manage the real estate. All profits or other gains are given to a beneficiary chosen by the grantor.

2. A government or private nonprofit organization responsible for managing and conserving real estate, especially undeveloped or unspoiled land. Such trusts exist to prevent environmental degradation of the land.

land trust

A trust in which land is the only asset. See trust.

References in periodicals archive ?
Land trusts are nonprofit agencies that help landowners preserve their acreage through donations or through establishing a conservation easement that specifies that the habitat must be preserved, although the land remains in the owner's possession.
Lee founded the National Audubon Society and the American Friends of Canadian Land Trusts, an organization that works to conserve land in Canada owned by U.S.
Founded upon enabling laws in virtually all of the states, underwritten by tax subsidies and public-financing programs, and promoted by the nation's thousands of land trusts and government holders, conservation easements have exploded onto the landscape.
Middleton presents cases of Native American tribes using land trusts to protect territory that is culturally significant to them.
Kulshan Community Land Trust, one of more than one hundred community land trusts in the nation, is a nonprofit corporation that owns land and holds it "in trust" forever.
In 2004, 10 local land trusts (nonprofit organizations that work to preserve significant lands through conservation agreements or acquisition) decided their best strategy to protect WNC's land and water from this rapid development was to work together.
Like greedy developers during a boom, the land trusts often buy land only to flip it--usually to a state or local government.
The Housing and Regeneration Bill was amended late last night to include a definition of Community Land Trusts.
The need for land trusts arose out of public concern for the loss of open space, wildlife habitat and scenic beauty in the face of rampant development on private land during the latter half of the 20th century.
The number of acres protected under land trusts doubled between 2001 and 2005, to 37 million acres.
Price points: Setting the purchase price for affordability and the target market are often debated by newly formed land trusts. Some communities have found that higher-income households who can manage a traditional home purchase would not choose to buy a community land trust home.
Land trusts that focus on biodiversity should consider the impact of real estate market forces when acquiring land, according to a study by Stanford (Calif.) University.