Canada Trust Agreement for Syndicated Mortgage Units

Appoint a trustee to hold title to syndicated mortgage interests on behalf of the co-owners with this fully editable template for Canadian land deals.

• The trustee holds title to the land in trust in accordance with both the Trust Agreement and a Co-Owners Agreement among the co-owners and the issuing corporation.
• The co-owners, when not in default under the agreement, are entitled to full rights of ownership of the land, including possession and right of use.
• The trustee will not be required to expend its own funds or incur any financial liability.
• The Trustee has the power to commence any actions or proceedings it considers necessary to protect the rights of the Co-Owners and their respective interests in the land.

The Canada Trust Agreement for Syndicated Mortgage Units is available as a downloadable and fully editable MS Word template.