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 ?
According to an analysis from law firm Stroock & Stroock & Lavan, the community land trusts model, designed to ensure permanent housing affordability on city-owned properties, is set to take hold in New York City.
Municipalities, counties, soil and water conservation districts and not-for-profit conservation organizations, or land trusts, were eligible to apply for individual grants under the Round 14 Farmland Protection Implementation Grants competitive Request for Proposals.
Ed Hood, the new director of Opacum Land Trust, will talk about how local land trusts can work together to protect scenic natural landscapes for wildlife, nature study and passive recreation.
Learn about all the benefits of community land trusts from Michael Brown, Partner, Burlington Associates, and
WELSH beauty spots could see their property price crisis eased by land trusts, a housing expert has told the Snowdonia National Park.
Land trusts are important tools for those who wish to establish and participate in decentralized, ecologically-sound, self-governed, and humane communities.
Because land trusts risk losing their tax-exempt status after a single violation of the private benefit doctrine, (6) it is important for land trusts to understand how to apply the doctrine and work within it.
Land trusts are happening this year on the state level, too.
Lee also helped start 30 local land trusts with the Trust for Public Land along with the Washington Wildlife and Recreation Coalition, Mountains to Sound Greenway and the Cascade Land Conservancy.
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.