Definition of "Trust"

Lynn Brock real estate agent

Written by

Lynn Brockelite badge icon

Brock Realty

An agreement in which the trustee takes title of the property ( called corpus) owned by the grantor (donor) to protect or conserve it for either the grantor or the trust's beneficiary. The trust is set up by the grantor. The trustee is typically given authority to invest the property for a return. Trusts may be revocable or irrevocable.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Regarding the definition of the term adjoining, we see a term used most often to describe a particular position that objects, items, or properties have regarding each other. In the case of ...

See common law. ...

When a person dies, a distribution of their estate takes place. The estate’s distribution is done through deeds depending on whether or not the deceased left a will. Two types of ...

Rate of return that is necessary to maintain market value of a real estate project. The cost of capital is used for project evaluation purposes. Under the net present value method, the cost ...

Residing in a structure that the individual owns. ...

Amount received when property is changed from one use to another. ...

The modified gross lease is a hybrid type of lease agreement most commonly used in rental real estate where there are several rental units, for example, office buildings. These leases ...

Borrower's right to redeem his property by immediately paying off the loan balance and any related costs. ...

Restraining a person or business from denying an appropriate conveyance of property evidenced by a deed has given. ...

Popular Real Estate Questions