A Leasehold Deed of Trust is commonly used in England and Wales when multiple parties have financial interests in a leasehold property but not all parties can or should be registered as legal owners. The document creates a formal trust structure, detailing how the property is held, managed, and how proceeds should be distributed. It's particularly useful for family arrangements, joint purchases, or investment structures. The deed must comply with both trust law and leasehold property legislation, providing clarity on beneficial ownership shares, management responsibilities, and decision-making processes.
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1. Parties: Details of trustees, beneficiaries, and any other relevant parties
2. Background: Context of the trust creation and property details
3. Definitions: Key terms used throughout the deed
4. Declaration of Trust: Formal declaration creating the trust
5. Beneficial Interests: Specification of beneficiaries' shares and rights
6. Trustee Powers: Powers and duties of trustees
1. Sale Provisions: Used when specific arrangements for future sale are needed
2. Occupation Rights: Include when beneficiaries have specific rights to occupy
3. Death Provisions: Include when specific arrangements upon death are required
4. Property Management: Include when specific management arrangements are needed
1. Property Schedule: Detailed description of the leasehold property
2. Financial Contributions Schedule: Record of financial contributions by beneficiaries
3. Lease Details: Key terms of the underlying lease
4. Management Regulations: Specific rules for property management if applicable
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