Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Lisa Musa
  • Real Estate Professional
  • Oviedo, FL
0
Votes |
1
Posts

Trustee's power in Florida Land Trust

Lisa Musa
  • Real Estate Professional
  • Oviedo, FL
Posted

Under Florida statue 689.07 does a property held in a Florida land trust with a Deed in Trust as the recorded instrument have to  specifically have written in the recorded instrument (deed in trust) the powers given to the trustee. Example: The trustee of Jane doe land trust has the right to lease, sell, possess, manage, operate, collect rent, direct and control the Trust property in accordance to the undisclosed trust agreement. The way I read the statue the power given to the trustee has to be written in the recorded instrument and a person dealing with the trustee of a Florida land trust need look no further then the recorded instrument to determine the powers of the trustee. So if there are no powers granted in th recorded instrument does that mean the the trustee has no powers regardless of what is in the land trust agreement? Under the statue you do not have the right to see the trust agreement. Interpretation of the statue seems to vary, does anyone have a definitive answer?

Loading replies...