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Construction Deed Of Trust
"I need a Construction Deed of Trust for a large residential development project in Manchester, with three trustees managing a £5M development fund, including specific provisions for staged payments to contractors and monthly reporting requirements."
1. Parties: Identifies all parties to the trust deed including settlor, trustees, and beneficiaries
2. Background: Sets out the context and purpose of the construction trust
3. Definitions: Defines key terms used throughout the deed
4. Declaration of Trust: Formal declaration establishing the trust
5. Trust Property: Describes the property/assets subject to the trust
6. Trustee Powers: Details the powers granted to trustees
7. Construction Obligations: Specifies construction-related duties and requirements
1. Investment Powers: Additional investment powers beyond statutory provisions - use when specific investment flexibility is required
2. Contractor Provisions: Specific provisions relating to contractors - use when direct contractor relationships exist
3. Security Provisions: Provisions for securing trust assets - use when additional security measures are needed
1. Schedule of Trust Property: Detailed listing of all property subject to the trust
2. Construction Schedule: Timeline and specifications for construction works
3. Payment Schedule: Details of payment arrangements and mechanisms
4. Trustee Remuneration Schedule: Details of trustee compensation if applicable
5. Plans and Specifications: Technical drawings and construction specifications
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